DexCom Stock Drops After Mixed Q2 Results, Weak Forward Guidance
Portfolio Pulse from Erica Kollmann
DexCom, Inc. (NASDAQ:DXCM) shares dropped significantly after the company reported mixed Q2 results and weak forward guidance. While earnings per share beat estimates, revenue missed expectations. The company announced a $750 million share repurchase program but provided lower-than-expected revenue guidance for Q3 and the full year.
July 25, 2024 | 8:47 pm
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DexCom reported mixed Q2 results with EPS beating estimates but revenue missing expectations. The company announced a $750 million share repurchase program but provided weak revenue guidance for Q3 and the full year, leading to a significant drop in share price.
The mixed Q2 results, particularly the revenue miss, and the weak forward guidance have led to a significant drop in DexCom's share price. The announcement of a $750 million share repurchase program is a positive, but it was not enough to offset the negative sentiment from the revenue miss and weak guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100