Investing.com - Avadel Pharma reported on Monday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Avadel Pharma announced earnings per share of $-0.45 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.4329 on revenue of $0.00.
Avadel Pharma shares are down 48.02% from the beginning of the year, still down 63.76% from its 52 week high of $11.59 set on November 15, 2021. They are under-performing the Nasdaq which is down 24.07% from the start of the year.
Avadel Pharma shares gained 0.48% in intra-day trade following the report.
Avadel Pharma follows other major Healthcare sector earnings this month
Avadel Pharma's report follows an earnings beat by UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
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