Investing.com - MultiPlan reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
MultiPlan announced earnings per share of $0.030 on revenue of $250.45M. Analysts polled by Investing.com anticipated EPS of $0.044 on revenue of $297.66M.
MultiPlan shares are down 35% from the beginning of the year, still down 67.77% from its 52 week high of $6.19 set on June 27.
MultiPlan shares lost 17.22% in intra-day trade following the report.
MultiPlan follows other major Healthcare sector earnings this month
MultiPlan'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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