Livongo Health (NASDAQ:LVGO) issued its quarterly earnings results on Thursday. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.29), Briefing.com reports. The firm had revenue of $40.90 million during the quarter, compared to analyst estimates of $39.74 million. The business’s quarterly revenue was up 155.6% compared to the same quarter last year. Livongo Health updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.
Shares of Livongo Health stock opened at $26.06 on Friday. Livongo Health has a 12-month low of $23.70 and a 12-month high of $45.68.
In other news, Director Hemant Taneja bought 2,678,571 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of $28.00 per share, with a total value of $74,999,988.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ab (Publ) Kinnevik bought 3,141,795 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of $28.00 per share, for a total transaction of $87,970,260.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 5,826,366 shares of company stock worth $162,980,808.
About Livongo Health
Livongo Health, Inc provides an integrated suite of solutions for the healthcare industry in North America. It solutions promote health behavior change based on real-time data capture supported by intuitive devices and insights driven by data science. The company offers a platform that provides cellular-connected devices, supplies, informed coaching, data science-enabled insights, and facilitates access to medications.
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