Earnings Beats | How Do DXCM and COUR Achieve Surging Users and Beat Estimates?

1. $DexCom(DXCM)$ +17.03%: Real-time continuous glucose monitor bring new customers

The maker of glucose monitoring system DexCom Inc. (DXCM) surged 17% after Q3 earnings significantly exceeded expectations.

• Adjusted EPS: 50 cents, outperformed the FactSet consensus of 34 cents.

• Revenue: $975.0 mln, surpassed the expected $939.6 mln.

The strong performance was driven by volume growth and new customer additions due to increased awareness of their real-time continuous glucose monitor (CGM).

Additionally, the company raised its revenue guidance for 2023, further boosting investor confidence in the stock.

2. $Coursera, Inc.(COUR)$ +10.59%: Collaboration with major companies leads to significant increase in paying users

• Revenue: $165.5 mln vs. estimates of $158.9 mln (4.21% beat)

• EPS: -$0.21 vs. estimates of -$0.26 (19.6% beat)

• Optimistic Q4 revenue guidance: $163 mln, also above estimates.

Edutech company Coursera's strong performance was driven by a significant increase in paying users, reaching 136 million, up 23 million year on year.

Coursera's growth was fueled by demand for new entry-level Professional Certificates launched in collaboration with major companies like $Alphabet(GOOG)$ , $IBM(IBM)$ , $Microsoft(MSFT)$ , and $Amazon.com(AMZN)$ Web Services.