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Insulet surpasses Q3 earnings estimates, raises guidance

By Brian Buntz | November 5, 2020

InsuletInsulet (NSDQ:PODD) posted third-quarter results after market close yesterday that beat analysts’ consensus for the company.

The Acton, Mass.-based tubeless insulin pump manufacturer announced profits of $11.6 million or $0.17 per share on sales of $234 million for the three months ended September 30, 2020, for a bottom-line gain of 13.5% on sales growth of 21% compared with Q3 2019.

Insulet’s quarterly earnings of $0.18 surpassed the consensus estimate of $0.06 per share.

Get the full story on our sister site, MassDevice.


Filed Under: Drug Delivery
Tagged With: Insulet
 

About The Author

Brian Buntz

As the pharma and biotech editor at WTWH Media, Brian has almost two decades of experience in B2B media, with a focus on healthcare and technology. While he has long maintained a keen interest in AI, more recently Brian has made making data analysis a central focus, and is exploring tools ranging from NLP and clustering to predictive analytics.

Throughout his 18-year tenure, Brian has covered an array of life science topics, including clinical trials, medical devices, and drug discovery and development. Prior to WTWH, he held the title of content director at Informa, where he focused on topics such as connected devices, cybersecurity, AI and Industry 4.0. A dedicated decade at UBM saw Brian providing in-depth coverage of the medical device sector. Engage with Brian on LinkedIn or drop him an email at [email protected].

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