Tandem Diabetes Care (Nasdaq:TNDM) shares took a big hit after hours on third-quarter results that missed the consensus forecast.
Shares of TNDM. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — closed the day down 0.3%.
The San Diego-based company posted losses of nearly $49 million for the quarter. That amounts to 76¢ per share on sales of $204.5 million for the three months ended Sept. 30, 2022.
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