Investing.com - Orthofix (NASDAQ:OFIX) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Orthofix announced earnings per share of $0.09 on revenue of $114.00. Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $120.68M.
Orthofix shares are down 9% from the beginning of the year, still down 61.70% from its 52 week high of $38.83 set on November 4, 2021.
Orthofix follows other major Healthcare sector earnings this month
Orthofix's report follows an earnings beat by Exelixis on August 9, who reported EPS of $0.22 on revenue of $419.43M, compared to forecasts EPS of $0.203 on revenue of $391.03M.
Neogen had missed expectations on September 27 with first quarter EPS of $0.05 on revenue of $132.35M, compared to forecast for EPS of $0.105 on revenue of $135.75M.
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