Investing.com - Hutchison China MediTech (NASDAQ:HCM) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hutchison China MediTech announced earnings per share of $-0.3581 on revenue of $80.92M. Analysts polled by Investing.com anticipated EPS of $-0.3598 on revenue of $75.45M.
Hutchison China MediTech shares are down 4.87% from the beginning of the year, still down 17.68% from its 52 week high of $37.00 set on January 11. They are under-performing the Nasdaq which is up 6.74% from the start of the year.
Hutchison China MediTech follows other major sector earnings this month
Hutchison China MediTech's report follows an earnings beat by Tencent ADR on May 20, who reported EPS of $0.7642 on revenue of $21.03B, compared to forecasts EPS of $0.536 on revenue of $20.58B.
Airbus Group NV had missed expectations on May 24 with first quarter EPS of $0.1393 on revenue of $12.67B, compared to forecast for EPS of $0.1739 on revenue of $12.34B.
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