Investing.com - IO Biotech reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
IO Biotech announced earnings per share of $-0.56 on revenue of $0.00. Analysts polled by Investing.com EPS of $-0.73 on revenue of $0.00.
IO Biotech 's are down 29.95% and is trading at $2.51 , still down 81.38% from its 52 week high of $13.48 set on Wednesday, November 10, 2021.
IO Biotech follows other major Healthcare sector earnings this month
IO Biotech'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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