Investing.com - Sanofi (PA:SASY) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sanofi announced earnings per share of €1.28 on revenue of €8.21B. Analysts polled by Investing.com anticipated EPS of €1.22 on revenue of €8.54B.
Sanofi shares are down 0% from the beginning of the year and are trading at €89.95 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.51% from the start of the year.
Sanofi shares gained 0.50% in intra-day trade the report.
Sanofi follows other major Healthcare sector earnings this month
Sanofi's report follows an earnings beat by Sartorius Stedim on July 21, who reported EPS of €0.95 on revenue of €447M, compared to forecasts EPS of €0.9 on revenue of €446.25M.
Adocia had matched expectations on July 20 with second quarter EPS of €-1.11 on revenue of €1.5M, compared to forecast for EPS of €-1.11 on revenue of €1.5M.
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