Investing.com - Nuwellis reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nuwellis announced earnings per share of $-0.370 on revenue of $2.1M. Analysts polled by Investing.com anticipated EPS of $-0.410 on revenue of $2.46M.
Nuwellis shares are down 20% from the beginning of the year , still down 89.05% from its 52 week high of $2.21 set on Monday, November 8, 2021.
Nuwellis shares gained 5.37% in pre-market trade the report.
Nuwellis follows other major Healthcare sector earnings this month
Nuwellis'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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