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Investing.com - Arcutis reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Arcutis announced earnings per share of $-1.89 on revenue of $700K. Analysts polled by Investing.com EPS of $-1.54 on revenue of $780K.
Arcutis 's are down 48.09% and is trading at $18.70 , still down 31.75% from its 52 week high of $27.40 set on Wednesday, August 31, 2022.
Arcutis follows other major Healthcare sector earnings this month
Arcutis's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.89B, 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, for EPS of $2.52 on revenue of $23.46B.
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