Investing.com - Forte Biosciences Inc reported on Monday third quarter earnings that missed analysts' forecasts and revenue that was in line with expectations.
Forte Biosciences Inc announced earnings per share of $-0.18 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.16 on revenue of $0.
Forte Biosciences Inc shares are down 20% from the beginning of the year, still down 70.12% from its 52 week high of $3.38 set on November 15, 2021.
Forte Biosciences Inc follows other major Healthcare sector earnings this month
Forte Biosciences Inc's report follows an earnings beat by J&J on October 18, who reported EPS of $2.55 on revenue of $23.79B, compared to forecasts EPS of $2.48 on revenue of $23.36B.
Eli Lilly had beat expectations on November 1 with third quarter EPS of $1.98 on revenue of $6.94B, compared to forecast for EPS of $1.91 on revenue of $6.91B.
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