Investing.com - Avita Medical reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avita Medical announced earnings per share of $-0.22 on revenue of $9.09M. Analysts polled by Investing.com anticipated EPS of $-0.33 on revenue of $7.47M.
Avita Medical shares are down 53.92% from the beginning of the year and are trading at $6.12 , down-from-52-week-high.
Avita Medical follows other major Healthcare sector earnings this month
Avita Medical's report follows an earnings beat by UnitedHealth on October 14, 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 October 18 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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