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Inogen stock plummets after reporting earnings miss

By   /   Wednesday, August 7th, 2019  /   Comments Off on Inogen stock plummets after reporting earnings miss

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Despite record revenues, an earnings miss by Inogen and a pullback in its full-year guidance sent its stock plummeting more than 20 percent in trading Aug. 7. Simultaneously, the Goleta-based portable oxygen concentrator company announced plans to acquire portable ventilator maker New Aera, based in San Ramon, in a $70.4 million cash deal. The deal…

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