Investing.com - Fresenius Medical Care (NYSE:FMS) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fresenius Medical Care announced earnings per share of €0.85 on revenue of €4.21B. Analysts polled by Investing.com anticipated EPS of €0.7776 on revenue of €4.33B.
Fresenius Medical Care shares are down 5% from the beginning of the year, still down 19.66% from its 52 week high of €79.96 set on July 23, 2020. They are under-performing the STOXX 600 which is up 10.28% from the start of the year.
Fresenius Medical Care shares lost 2.58% in intra-day trade following the report.
Fresenius Medical Care follows other major Healthcare sector earnings this month
Fresenius Medical Care's report follows an earnings missed by Siemens Healthineers on Monday, who reported EPS of €0.44 on revenue of €3.97B, compared to forecasts EPS of €0.4647 on revenue of €3.9B.
Qiagen had beat expectations on Monday with first quarter EPS of €0.5485 on revenue of €471.41M, compared to forecast for EPS of €0.5252 on revenue of €464.11M.
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