Investing.com - Sanofi (NASDAQ:SNY) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sanofi announced earnings per share of €1.61 on revenue of €8.83B. Analysts polled by Investing.com anticipated EPS of €1.38 on revenue of €8.66B.
Sanofi shares are up 11% from the beginning of the year, still down 8.80% from its 52 week high of €95.82 set on July 21, 2020. They are outperforming the STOXX 600 which is up 10.31% from the start of the year.
Sanofi shares gained 2.33% in intra-day trade following the report.
Sanofi follows other major Healthcare sector earnings this month
Sanofi's report follows an earnings beat by Sartorius Stedim on April 21, who reported EPS of €1.64 on revenue of €655.2M, compared to forecasts EPS of €1.45 on revenue of €597M.
Nicox had beat expectations on April 19 with first quarter EPS of €-0.2 on revenue of €600K, compared to forecast for EPS of €-0.21 on revenue of €1.66M.
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