Insulet: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 04:13 PM ET
Last Updated - Jun 21, 2023, 10:41 PM EDT
ACTON, Mass. (AP) — ACTON, Mass. (AP) — Insulet Corp. (PODD) on Thursday reported first-quarter earnings of $23.8 million.
The Acton, Massachusetts-based company said it had net income of 34 cents per share. Earnings, adjusted for non-recurring gains, were 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The maker of insulin infusion systems posted revenue of $358.1 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $330.2 million.
