Investing.com - GlaxoSmithKline reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
GlaxoSmithKline announced earnings per share of £0.38 on revenue of £9.09B. Analysts polled by Investing.com anticipated EPS of £0.3 on revenue of £8.68B. That with comparison to EPS of £0.3 on revenue of £7.66B in the same period a year before.GlaxoSmithKline had reported EPS of £0.25 on revenue of £8.9B in the previous quarter.Analysts are expecting EPS of £0.25 and revenue of £8.2B in the upcoming quarter.
GlaxoSmithKline shares are down 5.73% from the beginning of the year and are trading at £1,677.00 , down-from-52-week-high.They are outperforming the FTSE 100 which is down 18.92% year to date.
GlaxoSmithKline follows other major Healthcare sector earnings this month
GlaxoSmithKline's report follows an earnings missed by Horizon Discovery on Monday, who reported EPS of £-0.03 on revenue of £29.70M, compared to forecasts EPS of £-0.01 on revenue of £34.30M.
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