Inogen Announces First Quarter 2019 Financial Results and Updates 2019 Guidance
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Inogen (INGN) Misses Q1 EPS by 6c, Cuts FY Guidance
May 7, 2019 4:38 PM EDTInogen (NASDAQ: INGN) reported Q1 EPS of $0.24, $0.06 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $90.2 million versus the consensus estimate of $89.6 million.
GUIDANCE:
Inogen sees FY2019 revenue of $405-415 million, versus the consensus of $433.73 million.
Inogen is reducing its full year 2019 total revenue guidance to $405 to $415 million, down from $430 to $440 million, representing growth of 13.1% to 15.9% versus 2018 full year results. While the Company still expects direct-to-consumer sales to be its fastest growing channel, it plans to slow the pace of hiring in 2019 and place more emphasis on sales... More
