Leerink Partners Cuts Price Target on DexCom (DXCM) Following 3Q
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DexCom, Inc. Reports Third Quarter 2016 Financial Results
November 1, 2016 4:01 PM EDTSAN DIEGO--(BUSINESS WIRE)-- DexCom, Inc. (Nasdaq: DXCM) today reported its unaudited financial results as of and for the quarter ended September 30, 2016.
Third Quarter 2016 results:
Revenue grew to $148.6 million for the third quarter of 2016, an increase of 41% from the $105.2 million in revenue for the same quarter in 2015. Gross profit totaled $101.1 million for the third quarter of 2016, compared to a gross profit of $74.7 million for the same quarter in 2015. GAAP net loss was $18.8 million, or $0.22 per share for the third quarter of 2016, compared to GAAP net loss of $42.5 million, or $0.53 per... More
