AP NEWS

Insulet: 3Q Earnings Snapshot

November 5, 2019

ACTON, Mass. (AP) _ Insulet Corp. (PODD) on Tuesday reported third-quarter earnings of $852,000.

The Acton, Massachusetts-based company said it had net income of 1 cent per share. Earnings, adjusted to extinguish debt, were 9 cents per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The maker of insulin infusion systems posted revenue of $192.1 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $178.9 million.

For the current quarter ending in December, Insulet said it expects revenue in the range of $193 million to $201 million.

The company expects full-year revenue in the range of $722 million to $730 million.

Insulet shares have increased 82% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $144.41, a rise of 72% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PODD at https://www.zacks.com/ap/PODD