Investing.com - Rockwell Medical reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Rockwell Medical announced earnings per share of $-0.4000 on revenue of $18.7M. Analysts polled by Investing.com anticipated EPS of $-0.4850 on revenue of $19.37M.
Rockwell Medical shares are down 89% from the beginning of the year and are trading at $1.1660 , down-from-52-week-high.
Rockwell Medical shares gained 13.20% in intra-day trade following the report.
Rockwell Medical follows other major Healthcare sector earnings this month
Rockwell Medical's report follows an earnings beat by J&J on Tuesday, October 18, 2022, who reported EPS of $2.55 on revenue of $23.79B, compared to forecasts EPS of $2.48 on revenue of $23.36B.
Eli Lilly had beat expectations on Tuesday, November 1, 2022 with third quarter EPS of $1.98 on revenue of $6.94B, compared to forecast for EPS of $1.91 on revenue of $6.91B.
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