Investing.com - Royalty Pharma reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Royalty Pharma announced earnings per share of $0.24 on revenue of $573M. Analysts polled by Investing.com EPS of $0.71 on revenue of $584.92M.
Royalty Pharma 's are down 35% and is trading at $42.48 , still down 5.07% from its 52 week high of $44.75 set on Thursday, April 14, 2022.
Royalty Pharma shares gained 0.27% to trade at $42.48 in intra-day trade the report.
Royalty Pharma follows other major Healthcare sector earnings this month
Royalty Pharma'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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