Investing.com - Ipsen reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ipsen announced earnings per share of €2.66 on revenue of €613.6M. Analysts polled by Investing.com anticipated EPS of €3.48 on revenue of €669.1M.
Ipsen shares are down 31% from the beginning of the year and are trading at €84.70 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.54% from the start of the year.
Ipsen follows other major Healthcare sector earnings this month
Ipsen's report follows an earnings beat by Sanofi on Wednesday, who reported EPS of €1.28 on revenue of €8.21B, compared to forecasts EPS of €1.22 on revenue of €8.54B.
Sartorius Stedim had beat expectations on Tuesday, July 21, 2020 with second quarter EPS of €0.95 on revenue of €447M, compared to forecast for EPS of €0.9 on revenue of €446.25M.
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