Why Tandem Diabetes Stock Just Jumped 22% [Yahoo! Finance]
Tandem Diabetes Care, Inc. (TNDM)
Last tandem diabetes care, inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
Analysts forecast the maker of t:slim X2 insulin pumps would lose $0.76 per share on sales of $174 million in 2024's first quarter. Tandem did lose money but only $0.65 per share -- and beat soundly on sales, with revenue of $192.8 million. Tandem stock opened sharply higher Friday, and as of 3:15 p.m. ET, the stock is up 22%. Tandem Diabetes Q1 earnings Tandem grew Q1 sales 13% year over year on a 9% increase in units shipped. Curiously, Tandem showed its greatest growth -- 67% -- in units sold outside the U.S., while U.S. shipments declined 12%. That translated into only a 1% decline in U.S. revenue, however, while ex-U.S. sales surged 63%. That's the good news. The bad news is that despite the growth, Tandem failed to earn a profit. On the other hand, thanks to stronger sales, Tandem cut the size of its loss significantly. The $0.65 in Q1 2024 losses were just one-third the size of the $1.92 per share Tandem lost in the year-ago quarter. Is Tandem Diabetes stock a buy?
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TNDM
News
- Tandem Diabetes (TNDM) Hits 52-Week High: What's Driving It? [Yahoo! Finance]Yahoo! Finance
- FDA issues 'most serious type of recall' for insulin pump-related iOS app [FOX Business Network]FOX Business Network
- Faulty insulin pump tech led to hundreds of injuries, prompting app ecall [CBS News]CBS News
- FDA recalls defective iOS app that injured over 200 insulin pump users [Verge, The]Verge, The
- $375+ Billion Drug Delivery Devices Markets - Global Industry Size, Share, Trends, Opportunity, and Forecasts, 2019-2023 and 2024-2029F [Yahoo! Finance]Yahoo! Finance
TNDM
Earnings
- 5/2/24 - Beat
TNDM
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- TNDM's page on the SEC website