Why DexCom Stock Flopped on Friday
The stock of highly specialized healthcare company (NASDAQ: DXCM) wasn't the picture of health on Friday. It lost nearly 2% of its value in that day's trading session, on the back of an earnings release that raised investor concerns about slowing sales growth. The S 500 index outperformed the stock, and that's not saying much, as it essentially ended the day flat over Thursday.
Reporting its third-quarter results after market hours Thursday, DexCom said its revenue amounted to $994 million for the period. This was, however, only 2% higher on a year-over-year basis for the previously fast-growing glucose monitoring products specialist. Non-GAAP (adjusted) net income fell to slightly over $181 million ($0.45 per share) from the year-ago figure of $204 million.
According to Zack's, the consensus analyst estimate for profitability was $0.43. Meanwhile, DexCom only marginally topped the average prognosticator projection for revenue.
Source Fool.com
Dexcom Inc. Stock
The stock is one of the favorites of our community with 53 Buy predictions and 2 Sell predictions.
With a target price of 74 € there is a slightly positive potential of 2.21% for Dexcom Inc. compared to the current price of 72.4 €.
