Investing.com - Foghorn reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Foghorn announced earnings per share of $-0.62 on revenue of $6.63M. Analysts polled by Investing.com anticipated EPS of $-0.60 on revenue of $9.58M.
Foghorn shares are down 27% from the beginning of the year, still down 61.46% from its 52 week high of $24.34 set on January 3.
Foghorn shares gained 3.42% in intra-day trade following the report.
Foghorn follows other major Healthcare sector earnings this month
Foghorn's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $5.79 on revenue of $80.89B, 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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