Inspire Medical Systems today announced preliminary second-quarter results that include 30% year-over-year revenue growth. Shares of INSP grew more than 5% to $132.56 in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose slightly. The developer of neuromodulation tech for treating sleep apnea also […]
MassDevice Earnings Roundup
Dexcom stock falls on Q2 results that came up shy of ‘high standards’
Dexcom — a major provider of continuous glucose monitors — is seeing its stock price plummet on lowered sales guidance and mixed Q2 results. Our sibling site, Drug Delivery Business News, reports that shares of DXCM were more than 40% to $63.96 apiece in morning trading today. MassDevice‘s MedTech 100 Index was down slightly. The […]
Integer stock is down on Q2 revenue miss
Integer Holdings stock is down today after the medtech contract manufacturing giant missed the Wall Street analyst consensus on its second-quarter revenue. ITGR shares were down more than 5% to $117.58 apiece by midday trading today; MassDevice‘s MedTech 100 Index was down slightly. Plano, Texas–based Integer earned $31.2 million, or 88¢ per share, off of […]
Boston Scientific raises 2024 guidance again after strong Q2
Boston Scientific shares dipped slightly in the early morning on second-quarter results that came in ahead of the consensus forecast. Shares of BSX rose 1% to $79.35 apiece in pre-market trading today. After the market opened, shares fell 2.4% to $76.73 apiece. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical […]
Intuitive beats the Street in Q2, says da Vinci 5 supply will be tight for the next year
Intuitive Surgical posted second-quarter results on Thursday that beat the consensus forecast on Wall Street, sending the stock to a record high after markets opened Friday. The Sunnyvale, California-based surgical robotics leader reported profits of $527 million, or $1.46 per diluted share, for the three months ended June 30, 2024, up 25% from the second […]
Abbott beats Q2 estimates, raises full-year EPS guidance
Abbott shares are down today, even as Q2 results came in ahead of the consensus forecast. Shares of ABT were down more than 3% to $100.84 apiece by the afternoon today. MassDevice’s MedTech 100 Index was down 1%. The Abbott Park, Illinois-based medtech giant company reported profits of $1.3 billion. That equals 74¢ per share […]
Johnson & Johnson tops Wall Street’s Q2 expectations, lowers EPS guidance
Johnson & Johnson shares were up today on second-quarter results that beat the Wall Street consensus. By the close of trading today, JNJ shares were up more than 3% to $156.58 apiece. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose slightly. The New Brunswick, New Jersey-based […]
Masimo gets nearly $1B offer for consumer business joint venture
Masimo (Nasdaq: MASI) says an undisclosed potential joint venture partner is offering an $850–950 million purchase price for a majority stake in its consumer business. That’s less than the $1.025 billion that Masimo spent in 2022 to acquire Viper Holdings, the parent company of Sound United and its high-end audio and home theater systems. Masimo […]
Medtronic officials see EPS growth accelerating over the year
Medtronic officials have made important changes to boost earnings growth, and they’re excited about innovations such as pulsed field ablation (PFA) to treat atrial fibrillation (AFib). During the medtech giant’s fourth-quarter earnings call today, CEO Geoff Martha and CFO Karen Parkhill discussed portfolio management moves such as shuttering Medtronic’s ventilators business, more discipline on headcount […]
Senseonics post Q1 sales beat, submits 365-day iCGM to FDA
Senseonics (NYSE:SENS) shares ticked up after the market closed today on first-quarter results that came in ahead of the consensus sales forecast. Shares of SENS rose 8.1% to 41¢ apiece in post-market trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — closed the day down slightly. […]
Insulet sales are up 23% but Q1 EPS misses Wall Street forecast
Insulet shares fell after hours today on first-quarter results that came in mixed compared to the consensus forecast. Shares of PODD dipped 3% to $172 apiece in after the market closed today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — closed the day up 1%. The Acton, […]
