Home Topics Business Incyte earnings beat, first quarter revenue missing

Incyte earnings beat, first quarter revenue missing

© Reuters. Incyte earnings beat, first quarter revenue missing

Investing.com – Incyte (NASDAQ 🙂 reported Tuesday that analyst forecasts and sales were below expectations.

Incyte announced earnings per share of $ 0.67 on revenue of $ 604.7 million. Analysts polled by Investing.com expected earnings per share of $ 0.4617 on revenue of $ 662.22 million.

Incyte stocks are up 31% year-to-date, down 22.48% from their 52-week high of $ 110.32 on July 7, 2020. They outperform the S&P 500, which is up 11.62% year-to-date.

Incyte follows other major healthcare revenues this month

Incyte’s report follows a jump in earnings for J&J on April 20, which reported earnings per share of $ 2.59 on revenue of $ 22.32 billion, compared with forecast earnings per share of $ 2.34 on sales of $ 21.98 billion.

Pfizer exceeded expectations on Tuesday with earnings per share of $ 0.93 on sales of $ 14.58 billion, compared to a forecast for earnings per share of $ 0.7773 on sales of 13.67 billion . USD.

Stay up to date on all upcoming earnings reports by visiting Investing.com’s earnings calendar

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