Updates
** Shares of medical device maker Tandem Diabetes Care TNDM.O down 32% at $22.85, their lowest level in one year
** At least 3 brokerages cut PTs for the co, while maintaining "buy" or equivalent rating
** Co late on Wednesday forecast 2025 sales between $997 mln and $1.007 bln vs analysts' estimate of $1.004 billion - data compiled by LSEG
** TNDM also projected Q1 sales to be between $219 million and $224 million vs estimate of $220.3 million
** "What will likely cause investor consternation is the lower-than-anticipated Q1 2025 revenue guidance and the implied ramp through the rest of the year" - Brokerage Citi
** The 2025 outlook reflects the seasonal trends extending into Q1 - RBC Capital analysts
** TNDM has risen 16.4% in the last 12 months
(Reporting by Siddhi Mahatole)
((Siddhiprabhanjan.mahatole@thomsonreuters.com))
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