Insulet Corp. reported a profit for the second quarter, with a bottom line of $22.50 million or $0.32 per share, a decrease from last year but beating Street estimates. Adjusted earnings were $83.70 million or $1.17 per share, surpassing analysts’ expectations of $0.92 per share. The company’s revenue for the period increased by 32.9% to $649.10 million from $488.50 million last year. Earnings on a GAAP basis showed a significant decrease compared to the previous year.

Read more at Nasdaq: Insulet Corp. Q2 Profit Decreases, But Beats Estimates