Investing.com - Mesoblast (NASDAQ:MESO) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mesoblast announced earnings per share of $-0.185 on revenue of $2.4M. Analysts polled by Investing.com anticipated EPS of $-0.1833 on revenue of $2.49M.
Mesoblast shares are up 11.65% from the beginning of the year, still down 65.48% from its 52 week high of $17.41 set on November 24, 2020. They are under-performing the Nasdaq which is up 19.86% from the start of the year.
Mesoblast follows other major Healthcare sector earnings this month
Mesoblast's report follows an earnings beat by J&J on October 19, who reported EPS of $2.6 on revenue of $23.34B, compared to forecasts EPS of $2.35 on revenue of $23.64B.
Thermo Fisher Scientific had beat expectations on Wednesday with third quarter EPS of $5.76 on revenue of $9.33B, compared to forecast for EPS of $4.68 on revenue of $8.33B.
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