DexCom (NASDAQ:DXCM) reported better-than-expected third-quarter earnings, but a sharp deceleration in revenue growth sent its shares falling 2%. The maker of continuous glucose monitoring systems posted adjusted earnings per share of $0.45, edging past the Street consensus of $0.43. Revenue came in at $994.2 million, slightly surpassing estimates of $990.44 million and representing a modest 2% year-over-year increase. While DexCom's results exceeded earnings projections, the slower revenue growth marked a significant departure from previous quarters and likely contributed to the market's negative response. In the U.S., revenue dipped by 2% year-over-year, while international sales provided a brighter spot with 12% growth. DexCom reaffirmed its full-year 2024 revenue guidance, projecting between $4.00 billion and $4.05 billion in revenue, compared to the Street expectations of $4.01 billion and reflecting 11-13% organic growth.
D exCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally. The company provides its systems for use by people with diabetes, as well as for use by healthcare providers. Its products include DexCom G6, an integrated CGM system for diabetes management; Dexcom Real-Time API, which enables invited third-party developers to integrate real-time CGM data into their digital health applications and devices;