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DexCom: 4Q Earnings Snapshot

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SAN DIEGO (AP) _ DexCom Inc. (DXCM) on Thursday reported fourth-quarter net income of $355.2 million.

The San Diego-based company said it had profit of $3.48 per share. Earnings, adjusted for one-time gains and costs, were 91 cents per share.

The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 91 cents per share.

The medical device company posted revenue of $568.9 million in the period.

For the year, the company reported profit of $493.6 million, or $5.06 per share. Revenue was reported as $1.93 billion.

DexCom expects full-year revenue in the range of $2.21 billion to $2.31 billion.

DexCom shares have risen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $410.20, a rise of 65% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DXCM at https://www.zacks.com/ap/DXCM