Investing.com - Meridian reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Meridian announced earnings per share of $0.20 on revenue of $65.68M. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $63M.
Meridian shares are up 56% from the beginning of the year , still down 7.20% from its 52 week high of $34.38 set on Wednesday, July 6, 2022.
Meridian shares lost 0.31% in intra-day trade the report.
Meridian follows other major Healthcare sector earnings this month
Meridian's report follows an earnings beat by Eli Lilly on Tuesday, November 1, 2022, who reported EPS of $1.98 on revenue of $6.94B, compared to forecasts EPS of $1.91 on revenue of $6.91B.
AbbVie had beat expectations on Friday, October 28, 2022 with third quarter EPS of $3.66 on revenue of $14.81B, compared to forecast for EPS of $3.58 on revenue of $14.93B.
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