Investing.com - Hutchison China MediTech (NASDAQ:HCM) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hutchison China MediTech announced earnings per share of $-0.18 on revenue of $228M. Analysts polled by Investing.com anticipated EPS of $-0.1845 on revenue of $56.32M.
Hutchison China MediTech shares are down 6.28% from the beginning of the year, still down 18.89% from its 52 week high of $37.00 set on January 11. They are under-performing the Nasdaq which is up 0.85% 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 Ping An Insurance Company of China on February 3, who reported EPS of $0.6308 on revenue of $26.15B, compared to forecasts EPS of $0.6304 on revenue of $24.08B.
SoftBank Group had beat expectations on February 8 with fourth quarter EPS of $2.97 on revenue of $14.41B, compared to forecast for EPS of $0.0374 on revenue of $12.93B.
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