Investing.com - Fresenius SE (DE:FREG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fresenius SE announced earnings per share of €0.82 on revenue of €9.14B. Analysts polled by Investing.com anticipated EPS of €0.75 on revenue of €8.93B. That with comparison to EPS of €0.82 on revenue of €8.52B in the same period a year before. Fresenius SE had reported EPS of €0.92 on revenue of €9.31B in the previous quarter. Analysts are expecting EPS of €0.83 and revenue of €9.21B in the upcoming quarter.
Fresenius SE shares are down 30% from the beginning of the year , still down 23.35% from its 52 week high of €51.85 set on May 10, 2019. They are under-performing the Euro Stoxx 50 which is down 24.25% year to date.
Fresenius SE follows other major Healthcare sector earnings this month
Fresenius SE's report follows an earnings beat by Bayer on April 27, who reported EPS of €2.67 on revenue of €12.85B, compared to forecasts EPS of €2.52 on revenue of €12.57B.
Siemens Healthineers had beat expectations on Tuesday with second quarter EPS of €0.43 on revenue of €3.69B, compared to forecast for EPS of €0.4 on revenue of €3.65B.
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