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Insulet (PODD) reported earnings well below Wall St. expectations and revised its forecast for the rest of the year down. The stock is set to open off today.
According to the AP, "Insulet Corp. lowered its 2008 revenue outlook Tuesday to a range mostly below Wall Street’s expectations, citing slower-than-expected conversion of referrals to patient shipments."
Insulet is run by Duane DeSisto. The company’s proxy says he made just over $323,000 last year.
Insulet stock is down from a 52-week high of $27.85 to $14.91. It could test its 52-week low of $12.35 today.
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Douglas A. McIntyre
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