Investing.com - Bioventus reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bioventus announced earnings per share of $0.08 on revenue of $137.07M. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $141.6M.
Bioventus shares are down 35% from the beginning of the year and are trading at $3.08 , down-from-52-week-high.
Bioventus shares lost 56.44% in intra-day trade following the report.
Bioventus follows other major Healthcare sector earnings this month
Bioventus's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.89B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on Tuesday, October 18, 2022 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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