Insulet gains after hours on Q3 results

Investors push Insulet shares up in after-hours trading on news of a nearly 23% sales increase and lower losses.

Insulet [1] (NSDQ:PODD [2]) shares gained after the market's close today after the medical device company reported strong sales growth and lower losses for the 3rd quarter.

Bedford, Mass.-based Insulet reported losses of $12.4 million, or 26¢ per share, on sales of $54.8 million during the 3 months ended Sept. 30, reducing losses by some 8.4%.

PODD shares were up 1.9% to $19.49 in after-hours trading as of about 4:15 p.m.