DexCom Stock Dips After Q3 Results and Leadership Announcement
$DexCom (DXCM.US)$ reported Q3 earnings of 45 cents per share, slightly beating the 43-cent analyst estimate.
Revenue came in at $994.2 million, topping the forecast of $990.71 million and showing growth from last year's $975 million.
The company announced that Teri Lawver, EVP and Chief Commercial Officer, will retire by year-end, with CEO Kevin Sayer temporarily leading the commercial team.
DexCom reaffirmed its 2024 sales outlook of $4 to $4.05 billion.
Despite solid earnings, the stock dropped due to concerns over leadership changes.
Revenue came in at $994.2 million, topping the forecast of $990.71 million and showing growth from last year's $975 million.
The company announced that Teri Lawver, EVP and Chief Commercial Officer, will retire by year-end, with CEO Kevin Sayer temporarily leading the commercial team.
DexCom reaffirmed its 2024 sales outlook of $4 to $4.05 billion.
Despite solid earnings, the stock dropped due to concerns over leadership changes.
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