Investing.com - Morphosys AG reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Morphosys AG announced earnings per share of €-2 on revenue of €22M. Analysts polled by Investing.com anticipated EPS of €-1.88 on revenue of €20.58M.
Morphosys AG shares are down 30% from the beginning of the year and are trading at €88.020 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 7.37% from the start of the year.
Morphosys AG follows other major Healthcare sector earnings this month
Morphosys AG's report follows an earnings missed by Siemens AG on Thursday, who reported EPS of €1.2 on revenue of €15.31B, compared to forecasts EPS of €1.94 on revenue of €14.77B.
Bayer had missed expectations on November 3 with third quarter EPS of €0.81 on revenue of €8.51B, compared to forecast for EPS of €1.01 on revenue of €9.24B.
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