Investing.com - EQRx reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
EQRx announced earnings per share of $-0.18 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.21 on revenue of $0.
EQRx shares are down 72% from the beginning of the year , still down 61.16% from its 52 week high of $9.99 set on Thursday, December 2, 2021.
EQRx shares lost 28.90% in intra-day trade the report.
EQRx follows other major Healthcare sector earnings this month
EQRx'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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