Investing.com - Incyte (NASDAQ:INCY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Incyte announced earnings per share of $0.55 on revenue of $733.24M. Analysts polled by Investing.com anticipated EPS of $0.458 on revenue of $750.25M.
Incyte shares are up 3.61% from the beginning of the year and are trading at $73.13 , down-from-52-week-high.They are outperforming the Nasdaq which is down 19.87% from the start of the year.
Incyte shares lost 3.84% in pre-market trade the report.
Incyte follows other major Healthcare sector earnings this month
Incyte's report follows an earnings beat by UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
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