Investing.com - PTC Therapeutics (NASDAQ:PTCT) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PTC (NASDAQ:PTC) Therapeutics announced earnings per share of $-1.53 on revenue of $217.10. Analysts polled by Investing.com anticipated EPS of $-1.31 on revenue of $178.9M.
PTC Therapeutics shares are down 18% from the beginning of the year, still down 20.06% from its 52 week high of $55.58 set on September 20.
PTC Therapeutics shares lost 14.47% in after-hours trade following the report.
PTC Therapeutics follows other major Healthcare sector earnings this month
PTC Therapeutics's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $5.79 on revenue of $80.9B, 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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