Dexcom shares plunge more than 40% for worst day on record
Publishing timestamp: 2024-07-26 17:34:17
Summary
Dexcom shares dropped over 40% after reporting disappointing revenue and lowering full-year guidance due to restructuring of sales team and lower revenue per user. Analysts downgraded the stock but some believe the issues are temporary and won't impact the company's long-term trajectory.
Sentiment: NEGATIVE
Keywords: breaking news: technology, dexcom inc, technology, business, jpmorgan chase & co, earnings, business news, health care industry,
Source: https://www.cnbc.com/2024/07/26/dexcom-shares-plunge-more-than-40percent-after-q2-earnings.html