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Earnings Beats | How Do DXCM and COUR Achieve Surging Users and Beat Estimates?
@Tiger_Earnings: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.
Earnings Beats | How Do DXCM and COUR Achieve Surging Users and Beat Estimates?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.