Investing.com - Merus reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Merus announced earnings per share of $-0.53 on revenue of $6.6M. Analysts polled by Investing.com anticipated EPS of $-0.61 on revenue of $11M.
Merus shares are down 26.01% from the beginning of the year and are trading at $14.63 , down-from-52-week-high.
Merus shares lost 28.21% in intra-day trade after the report.
Merus follows other major Healthcare sector earnings this month
Merus's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.9B, 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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