Investing.com - BeiGene ADS reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BeiGene ADS announced earnings per share of $-4.05 on revenue of $257.85M. Analysts polled by Investing.com anticipated EPS of $-4.13 on revenue of $300.31M.
BeiGene ADS shares are down 3% from the beginning of the year and are trading at $163.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.78% from the start of the year.
BeiGene ADS follows other major Healthcare sector earnings this month
BeiGene ADS's report follows an earnings beat by UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
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