— DexCom, Inc. (NASDAQ: DXCM) reported its fourth-quarter 2019 adjusted earnings of $1.15 per share versus $0.74 per share expected.
— Total revenue grew by 37% to $462.8 million versus $442.38 million expected. This is driven by volume growth, strong new patient additions as well as an increase in awareness of real-time CGM.
— The US revenue increased by 34% year-over-year and the international revenue jumped by 52%.
— Revenue from the sensor increased by 42% for the fourth quarter. Transmitter revenue jumped by 46% while receiver revenue plunged by 35%.
— Looking ahead into the full year 2020, the company reaffirmed revenue outlook in the range of $1.725-1.775 billion. This is in line with the consensus view of $1.77 billion.
— The revenue outlook is driven by strong growth in sensor volumes, continued international expansion, shifting channel mix and overall market dynamics.
— The gross margin is still expected to be about 64% and the adjusted operating margin is predicted to be about 13%. The adjusted EBITDA margin outlook is about 23%.
Most Popular
A visual dashboard of GoDaddy (GDDY) Q2 2020 earnings
GoDaddy (NYSE: GDDY) reported a loss of $4.06 per share for the second quarter of 2020 on revenue of $806.4 million. The company also announced its outlook for Q3 and
CenturyLink, Inc. (NYSE: CTL): Q2 earnings highlights
Centurylink (NYSE: CTL) reported second-quarter financial results after the regular trading hours on Wednesday. Both revenue and EPS for the quarter came in better than the Wall Street projections. CTL
Fastly (FSLY): Q2 2020 earnings key highlights
Fastly (NYSE: FSLY) reported second-quarter financial results after the regular trading hours on Wednesday. The company reported revenues and net income that were above street expectations. However, FSLY shares fell