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Dexcom shares plunge more than 40% for worst day on record - TL;DR CNBC

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

Tickers: DXCMJPM

Keywords: breaking news: technologydexcom inctechnologybusinessjpmorgan chase & coearningsbusiness newshealth care industry

Source: https://www.cnbc.com/2024/07/26/dexcom-shares-plunge-more-than-40percent-after-q2-earnings.html


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