Investing.com - Sanofi (NASDAQ:SNY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sanofi announced earnings per share of €1.94 on revenue of €10.05B. Analysts polled by Investing.com anticipated EPS of €1.77 on revenue of €9.48B.
Sanofi shares are down 21.96% from the beginning of the year, still down 3.83% from its 52 week high of €106.66 set on April 11. They are under-performing the TR UK 50 which is up 4.1% from the start of the year.
Sanofi shares lost 0.74% in intra-day trade following the report.
Sanofi follows other major Healthcare sector earnings this month
Sanofi's report follows an earnings missed by Sartorius Stedim on April 21, who reported EPS of €2.21 on revenue of €862.5M, compared to forecasts EPS of €2.51 on revenue of €790.85M.
Genfit had beat expectations on April 7 with first quarter EPS of €0.94 on revenue of €82.15M, compared to forecast for EPS of €-0.79 on revenue of €3.90M.
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