Tandem Diabetes Care Inc reports results for the quarter ended June 30 - Earnings Summary
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Tandem Diabetes Care Inc reported a quarterly adjusted loss of 48 cents per share for the quarter ended June 30, matching last year's results. Revenue increased by 8.5% to $240.68 million, surpassing analyst expectations. The company reported a total loss of $52.4 million and its shares fell by 18.7% this quarter. Analysts maintain a "hold" rating, with a median 12-month price target of $27.00, indicating a potential upside of 46.7% from the last closing price of $14.39.
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