Investing.com - Vertex (NASDAQ:VRTX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vertex announced earnings per share of $2.98 on revenue of $1.72B. Analysts polled by Investing.com anticipated EPS of $2.7 on revenue of $1.66B.
Vertex shares are down 10% from the beginning of the year, still down 30.77% from its 52 week high of $306.08 set on July 7, 2020. They are under-performing the S&P 500 which is up 12.13% from the start of the year.
Vertex follows other major Healthcare sector earnings this month
Vertex's report follows an earnings beat by J&J on April 20, who reported EPS of $2.59 on revenue of $22.32B, compared to forecasts EPS of $2.34 on revenue of $21.98B.
Abbott Labs had beat expectations on April 20 with first quarter EPS of $1.32 on revenue of $10.46B, compared to forecast for EPS of $1.27 on revenue of $10.69B.
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