How Has DexCom Stock Performed in 2020 So Far?

Few things will both propel a stock and obliterate expectations during a time when the rest of the industry is struggling. DexCom (NASDAQ: DXCM), maker of continuous blood glucose monitors that free diabetics from pricking their fingers, has done that with each earnings report in 2020, and shares have risen 98%, making it the third-best performer in the S&P 500 Index.

As the COVID-19 pandemic was beginning to unfold in the first quarter, DexCom crushed expectations by growing revenue 44% and reporting non-generally accepted accounting principles (GAAP) earnings per share (EPS) of $0.44, compared with a loss in the period a year earlier. Second-quarter results, reported on July 28, also humbled a few analysts when the company posted 34% top-line growth and EPS of $0.79. The consensus estimate was for revenue growth of 24% and EPS of $0.35.

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Source Fool.com