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Dexcom Beats First-Quarter Expectations, But Shares Tumble

Dexcom stock tumbled late Thursday after the diabetes devices company reported adjusted earnings of 33 cents per share on $505 million in sales for its first quarter.




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On average, analysts polled by FactSet expected Dexcom (DXCM) to earn 30 cents per share on $483.9 million in sales.

In the year-earlier period, Dexcom earnings were 44 cents per share on $405.1 million in sales.

For the year, Dexcom guided to $2.26 billion to $2.36 billion in sales. Analysts called for Dexcom earnings of $2.32 per share on $2.32 billion in sales.

In after-hours trading on the stock market today, Dexcom stock tripped 4% near 405. Dexcom stock is consolidating with a buy point at 456.33, according to MarketSmith.com.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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