Inogen stock drops 20% after earnings miss, cut outlook

Inogen Inc. INGN, -4.21% shares dropped in the extended session Tuesday after the maker of oxygen therapy systems missed Wall Street earnings targets and cut its outlook for the year. Inogen shares, which had been briefly halted, dropped 20% after hours, following a 4.2% decline to close the regular session at $91.14. The company reported first-quarter net income of $5.3 million, or 24 cents a share, compared with $10.8 million, or 48 cents a share, in the year-ago period. Revenue rose to $90.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeremy Siegel blames the Fed for the 20% stock market drop late last year'We look over 15 years, a lot of mistakes were made. You think there would be some more lively discussion,' and more dissenters on the Fed, says the longtime stock market bull. Wow! News flash!!!! Umm yeah. Just like it was the fed that caused us to have a 10 year bull run. And in the big picture a 30 year run. What about the 25% rally since?
Source: CNBC - 🏆 12. / 72 Read more »

Top 20 Oil Companies Improved Cash Flow By $34 BillionIt is commonly accepted that fracking companies don't make money. Well, some of them do, but some that don't have seen their share prices explode. Further, the industry overall has made huge improvements since 2014. Time to buy DNR Earnings today!
Source: Forbes - 🏆 394. / 53 Read more »