Investing.com - Ikena Oncology reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ikena Oncology announced earnings per share of $-0.48 on revenue of $4.12M. Analysts polled by Investing.com anticipated EPS of $-0.49 on revenue of $4.32M.
Ikena Oncology shares are down 57% from the beginning of the year, still down 86.74% from its 52 week high of $17.50 set on November 15, 2021.
Ikena Oncology shares gained 2.20% in intra-day trade following the report.
Ikena Oncology follows other major Healthcare sector earnings this month
Ikena Oncology's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $5.79 on revenue of $80.89B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on October 18 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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