Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance
Publishing timestamp: 2024-07-26 13:39:32
Summary
Dexcom shares plunged almost 40% after reporting disappointing revenue for the second quarter and offering weak guidance. The company attributed the challenges to restructuring of the sales team, fewer new customers than expected, and lower revenue per user. The company also underperformed in the durable medical equipment channel. Dexcom updated its full fiscal year guidance, now expecting lower revenue than previously forecasted.
Sentiment: NEGATIVE
Tickers: DXCM,
Keywords: enterprise, business news, health care industry, dexcom inc, breaking news: technology, earnings,