Investing.com - Redhill ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Redhill ADR announced earnings per share of $-0.03 on revenue of $18.24M. Analysts polled by Investing.com anticipated EPS of $-0.3 on revenue of $23.6M.
Redhill ADR shares are down 71.43% from the beginning of the year and are trading at $0.737 , down-from-52-week-high.They are under-performing the Nasdaq which is down 28.97% from the start of the year.
Redhill ADR shares lost 3.91% in intra-day trade the report.
Redhill ADR follows other major Healthcare sector earnings this month
Redhill ADR'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.
Veeva Systems A had beat expectations on June 1 with first quarter EPS of $0.99 on revenue of $505.1M, compared to forecast for EPS of $0.9203 on revenue of $495.94M.
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