Glucose monitor maker DexCom’s stock soars after big earnings beat, raised revenue outlook as real-time monitoring awareness grows

📆 10/26/2023 2:51 PM
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Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

Shares of DexCom Inc.

shot up 15.3% to pace the S&P 500’s SPX, -1.18% after-hours gainers on Thursday, after of maker of glucose monitoring systems reported third-quarter profit that beat expectations by a wide margin, and boosted its revenue outlook. Net income rose to $120.7 million, or 29 cents a share, from $101.2 million, or 24 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 50 cents beat the FactSet consensus of 34 cents. Revenue grew 26.7% to $975.

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