Investing.com - Decibel Therapeutics reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Decibel Therapeutics announced earnings per share of $-0.640 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.667 on revenue of $0.00.
Decibel Therapeutics shares are down 16.92% from the beginning of the year and are trading at $3.240 , down-from-52-week-high.
Decibel Therapeutics shares gained 4.18% in intra-day trade the report.
Decibel Therapeutics follows other major Healthcare sector earnings this month
Decibel Therapeutics'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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