Investing.com - Lipocine reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Lipocine announced earnings per share of $-0.0300 on revenue of $600K. Analysts polled by Investing.com anticipated EPS of $-0.0300 on revenue of $798.67K.
Lipocine shares are down 28.9% from the beginning of the year and are trading at $0.3666 , down-from-52-week-high.
Lipocine shares lost 6.24% in intra-day trade after the report.
Lipocine follows other major Healthcare sector earnings this month
Lipocine'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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