Insulet Q3 Loss Narrows, Allison Dorval Promoted To CFO - Quick Facts

(RTTNews) - Insulet Corp. (PODD) reported a third-quarter net loss of $10.8 million or $0.19 per share, narrower than $21.3 million or $0.39 per share in the prior-year quarter.

Revenues for the quarter grew 23 percent to $75.0 million from $61.1 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share on revenues of $75.31 million for the quarter. Analysts' estimates typically exclude one-time items.

Looking ahead, the company expects fourth-quarter revenues in a range of $76 million to $81 million, and narrowed revenue guidance range for fiscal 2014 to between $292 million and $297 million from the prior forecast between $290 million and $300 million.

Street is currently looking for fourth-quarter revenues of $80.94 million, and full-year 2014 revenues of $297.68 million.

Separately, the company announced the promotion of Controller Allison Dorval to chief financial officer, effective November 6, 2014 and Brad Thomas as executive vice president, human resources and organizational development, effective immediately. Dorval succeeds Brian Roberts, who has chosen to resign as CFO, effective November 6, 2014.