Investing.com - Fresenius ST (DE:FMEG) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fresenius ST announced earnings per share of €1.27 on revenue of €4.4B. Analysts polled by Investing.com anticipated EPS of €1.23 on revenue of €4.63B.
Fresenius ST shares are down 15% from the beginning of the year, still down 27.88% from its 52 week high of €79.96 set on July 23, 2020. They are under-performing the STOXX 600 which is up 2.63% from the start of the year.
Fresenius ST shares lost 1.18% in intra-day trade following the report.
Fresenius ST follows other major Healthcare sector earnings this month
Fresenius ST's report follows an earnings beat by Siemens AG on February 3, who reported EPS of €1.67 on revenue of €14.07B, compared to forecasts EPS of €1.17 on revenue of €13.31B.
Siemens Healthineers had beat expectations on January 31 with first quarter EPS of €0.49 on revenue of €3.87B, compared to forecast for EPS of €0.4132 on revenue of €3.71B.
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