Investing.com - Incyte (NASDAQ:INCY) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Incyte announced earnings per share of $0.60 on revenue of $823.3M. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $845.6M.
Incyte shares are down 4% from the beginning of the year, still down 12.40% from its 52 week high of $84.86 set on April 8.
Incyte follows other major Healthcare sector earnings this month
Incyte's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $5.79 on revenue of $80.9B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on October 18 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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