SAN DIEGO (AP) — SAN DIEGO (AP) — DexCom Inc. (DXCM) on Wednesday reported second-quarter net income of $179.8 million.
On a per-share basis, the San Diego-based company said it had net income of 45 cents. Earnings, adjusted for amortization costs and pretax expenses, were 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The medical device company posted revenue of $1.16 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $1.12 billion.
DexCom expects full-year revenue in the range of $4.6 billion to $4.63 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DXCM at https://www.zacks.com/ap/DXCM
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