Insulet Sees Q4 Revenue Growth Of 22% To 25%; FY23 Revenue Raising Its Expected Revenue Growth To A Range Of 26% To 27%
Portfolio Pulse from Benzinga Newsdesk
Insulet Corporation (PODD) has raised its revenue growth forecast for FY23 to 26%-27%, up from the previous 22%-25%. The company also expects Q4 revenue growth of 22%-25%. The growth is expected across all product lines, with the U.S. Omnipod seeing the highest growth of 37%-38%. The company also raised its expected gross margin to 66%-67% and expects an operating margin in the range of 9%-10% for the year ending December 31, 2023.
November 02, 2023 | 8:03 pm
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Insulet Corporation has raised its revenue growth forecast for FY23, which could lead to increased investor confidence and potentially a rise in stock price.
Insulet Corporation's raised revenue growth forecast for FY23 indicates strong performance and growth potential. This positive financial outlook could attract more investors, leading to increased demand for the stock and potentially a rise in its price.
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