Investing.com - Mesoblast (NASDAQ:MESO) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Mesoblast announced earnings per share of $-0.1 on revenue of $2.66M. Analysts polled by Investing.com anticipated EPS of $-0.1025 on revenue of $7.59M.
Mesoblast shares are down 43.13% from the beginning of the year, still down 62.47% from its 52 week high of $7.28 set on November 15, 2021. They are under-performing the Nasdaq which is down 24.04% from the start of the year.
Mesoblast follows other major Healthcare sector earnings this month
Mesoblast's report follows an earnings missed by Eli Lilly on August 4, who reported EPS of $1.25 on revenue of $6.49B, compared to forecasts EPS of $1.7 on revenue of $6.85B.
Novo Nordisk ADR had missed expectations on August 4 with second quarter EPS of $0.7976 on revenue of $5.62B, compared to forecast for EPS of $0.8198 on revenue of $5.73B.
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