Investing.com - Arcellx reported on Monday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Arcellx announced earnings per share of $-2.12 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.90 on revenue of $0.00.
Arcellx shares are down 30% from the beginning of the year , still down 19.77% from its 52 week high of $26.91 set on Friday, June 10, 2022.
Arcellx follows other major Healthcare sector earnings this month
Arcellx's report follows an earnings beat by J&J on Tuesday, October 18, 2022, who reported EPS of $2.55 on revenue of $23.79B, compared to forecasts EPS of $2.48 on revenue of $23.36B.
Eli Lilly had beat expectations on Tuesday, November 1, 2022 with third quarter EPS of $1.98 on revenue of $6.94B, compared to forecast for EPS of $1.91 on revenue of $6.91B.
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