Actionable news
0
All posts from Actionable news
Actionable news in PODD: Insulet Corporation,

Insulet Reaffirms Second Quarter and Full Year 2016 Guidance

BILLERICA, Mass., May 3, 2016 /PRNewswire/ -- Insulet Corporation PODD, -1.54% (Insulet or the Company), the leader in tubeless insulin pump technology with its OmniPod [®] Insulin Management System (OmniPod System), today reaffirmed its second quarter and full year 2016 guidance. A recent preferred provider communication by UnitedHealthcare regarding in-network DME insulin pumps is not expected to have a material impact on OmniPod System coverage nor on Insulet's financial results.

For the year ending December 31, 2016, the Company is reaffirming its revenue guidance of $330 to $350 million compared to 2015 revenue from continuing operations of $263.9 million [1] . This represents year-over-year revenue growth of approximately 30% at the mid-point of the range.

For the quarter ending June 30, 2016, the Company is reaffirming its revenue guidance of $81 to $84 million compared to second quarter 2015 revenue from continuing operations of $60.6 million [1] . This represents year-over-year revenue growth of over 35% at the mid-point of the range.

About Insulet Corporation:

Insulet Corporation PODD, -1.54% is an innovative medical device company dedicated to making the lives of people with diabetes...


More