Why DexCom Shares Are Flying Higher Today

Shares of DexCom (NASDAQ: DXCM) were flying 15.4% higher as of 11:44 a.m. EST on Friday. The big gain came following the company's announcement of its 2019 fourth-quarter and full-year results after the market closed on Thursday.

DexCom reported Q4 revenue of $462.8 million, up 37% year over year and well above the average analysts' estimate of $442.4 million. It also announced adjusted earnings of $106.5 million, or $1.15 per share. This reflected significant improvement from adjusted earnings of $50.2 million, or $0.56 per share, posted in the prior-year period. It also blew past the consensus Wall Street earnings estimate of $0.74 per share. 

Image source: Getty Images.

Continue reading

Source Fool.com