Investing.com - Synlogic reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Synlogic announced earnings per share of $-0.250 on revenue of $678K. Analysts polled by Investing.com anticipated EPS of $-0.233 on revenue of $87.5K.
Synlogic shares are down 72% from the beginning of the year and are trading at $0.674 , down-from-52-week-high.
Synlogic shares lost 2.32% in intra-day trade after the report.
Synlogic follows other major Healthcare sector earnings this month
Synlogic'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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