Investing.com - BeiGene ADS reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
BeiGene ADS announced earnings per share of $-5.56 on revenue of $341.57M. Analysts polled by Investing.com anticipated EPS of $-4.04 on revenue of $318.98M.
BeiGene ADS shares are down 35.97% from the beginning of the year and are trading at $173.49 , down-from-52-week-high.They are under-performing the Nasdaq which is down 18.79% from the start of the year.
BeiGene ADS shares gained 2.22% in intra-day trade the report.
BeiGene ADS follows other major Healthcare sector earnings this month
BeiGene ADS's report follows an earnings beat by UnitedHealth on July 15, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on July 19 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.
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