Investing.com - HUTCHMED DRC reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
HUTCHMED DRC announced earnings per share of $-0.7 on revenue of $102.5M. Analysts polled by Investing.com anticipated EPS of $-0.7029 on revenue of $102.52M.
HUTCHMED DRC shares are down 73.38% from the beginning of the year and are trading at $9.34 , down-from-52-week-high.They are under-performing the Nasdaq which is down 23.33% from the start of the year.
HUTCHMED DRC follows other major Healthcare sector earnings this month
HUTCHMED DRC's report follows an earnings missed by Medtronic on May 26, who reported EPS of $1.52 on revenue of $8.09B, compared to forecasts EPS of $1.56 on revenue of $8.43B.
CVS Health Corp had beat expectations on May 4 with first quarter EPS of $2.22 on revenue of $76.83B, compared to forecast for EPS of $2.17 on revenue of $75.54B.
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