The major averages are poised to end the week with losses as investors dump megacap tech and AI-related names.
Check out the companies making headlines in after-hours trading. Dexcom — Shares of the medical device company plunged more than 35%. Dexcom's fiscal full-year revenue guidance of $4 billion to $4.05 billion marked a reduction from the outlook it shared earlier in the year. Revenue in the second quarter missed analysts' expectations, coming in at $1 billion versus consensus estimates of $1.04 billion, per LSEG. Insulet shares slipped 9.1% in sympathy.
Boston Beer Company – The maker of Twisted Tea and Samuel Adams slid 5% after second quarter results missed the Street's estimates. Boston Beer posted earnings of $4.39 per share on revenue of $579 million, while analysts sought $5.02 per share in earnings and $597 million in revenue, per LSEG. Coursera — Shares of the online course provider surged 16%. Second-quarter revenue came in at $170 million, surpassing analysts' estimates for $164 million, per LSEG.
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