Why DexCom Stock Is Crashing Today
Shares of diabetes management equipment provider (NASDAQ: DXCM) had tumbled 17% by 11:15 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The culprit was the company's third-quarter earnings report, which was released after the market closed on Thursday.
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DexCom reported revenue of $1.21 billion in the third quarter, up 22% year over year, with U.S. revenue growing by 21% and international revenue growing by 22%. Adjusted net income was $0.61 per share, up from $0.45 per share in the prior-year period.
Source Fool.com
Dexcom Inc. Stock
€57.04
-2.250%
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
With a target price of 80 € there is a positive potential of 40.25% for Dexcom Inc. compared to the current price of 57.04 €.
