Investing.com - Outset Medical reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Outset Medical announced earnings per share of $-0.70 on revenue of $27.8M. Analysts polled by Investing.com anticipated EPS of $-0.67 on revenue of $25.23M.
Outset Medical shares are down 48.09% from the beginning of the year , still down 79.30% from its 52 week high of $55.41 set on Wednesday, November 17, 2021.
Outset Medical follows other major Healthcare sector earnings this month
Outset Medical'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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