Investing.com - Cassava Sciences reported on Monday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Cassava Sciences announced earnings per share of $-0.51 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.43 on revenue of $0.00.
Cassava Sciences shares are down 57% from the beginning of the year and are trading at $36.15 , down-from-52-week-high.
Cassava Sciences shares gained 2.50% in intra-day trade the report.
Cassava Sciences follows other major Healthcare sector earnings this month
Cassava Sciences'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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