Insulet Corp. (PODD: Quote) Wednesday said its second-quarter loss narrowed to $14.5 million or $0.30 per share from $19.4 million or $0.42 per share in the same period last year.
On average, 16 analysts polled by Thomson Reuters expected the company to report a loss of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $51 million, up 58 percent from $32.2 million last year. Analysts expected revenues of $52.09 million.
Looking ahead to the third quarter, the company has forecast revenues in the range of $53 to $57 million. Analysts currently expect revenues of $55.92 million.
For the fiscal year 2012, the company currently expects revenues in the range of $210 to $220 million. This compares to the previous guidance range of $210 million to $225 million. Analysts currently expect full-year revenues of $216.63 million.
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by RTT Staff Writer
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