Dexcom cuts guidance as Q2 revenue falls short of estimates; shares slump
Investing.com -- Dexcom cut its guidance Thursday after reporting second-quarter revenue fell short of estimates as the diabetes management flagged weaker execution of key strategies.
The company now expects revenue of approximately $4.00B to $4.05B, down from prior guidance of $4.20B to $4.35B. "While Dexcom advanced several key strategic initiatives in the second quarter, our execution did not meet our high standards," the company saidFor Q3, revenue was guided in a range of $ $975M to $1.00B, missing analyst estimates of $1.15B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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