Investing.com - Arvinas reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Arvinas announced earnings per share of $-1.24 on revenue of $30.3M. Analysts polled by Investing.com anticipated EPS of $-1.17 on revenue of $34.96M.
Arvinas shares are down 35% from the beginning of the year , still down 53.68% from its 52 week high of $95.93 set on Monday, November 8, 2021.
Arvinas shares gained 4.62% in intra-day trade the report.
Arvinas follows other major Healthcare sector earnings this month
Arvinas's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.89B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on Tuesday, October 18, 2022 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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