Investing.com - HUTCHMED DRC reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
HUTCHMED DRC announced earnings per share of $-0.96 on revenue of $202.05M. Analysts polled by Investing.com anticipated EPS of $-0.72 on revenue of $92.2M.
HUTCHMED DRC shares are down 62.74% from the beginning of the year, still down 69.88% from its 52 week high of $43.40 set on August 3, 2021. They are under-performing the Nasdaq which is down 20.8% from the start of the year.
HUTCHMED DRC follows other major Healthcare sector earnings this month
HUTCHMED DRC's report follows an earnings beat by UnitedHealth on July 15, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on July 19 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.
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