Investing.com - Emergent Biosolutions reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Emergent Biosolutions announced earnings per share of $-1.27 on revenue of $240M. Analysts polled by Investing.com anticipated EPS of $-0.07 on revenue of $268.74M.
Emergent Biosolutions shares are down 16% from the beginning of the year , still down 62.26% from its 52 week high of $52.28 set on Friday, January 14, 2022.
Emergent Biosolutions follows other major Healthcare sector earnings this month
Emergent Biosolutions'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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