Investing.com - Durect (NASDAQ:DRRX) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Durect announced earnings per share of $-0.0100 on revenue of $11.98M. Analysts polled by Investing.com anticipated EPS of $-0.0500 on revenue of $13.03M.
Durect shares are down 10% from the beginning of the year, still down 57.44% from its 52 week high of $1.31 set on November 8, 2021.
Durect follows other major Healthcare sector earnings this month
Durect'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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