Investing.com - Sanofi (NASDAQ:SNY) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sanofi announced earnings per share of €1.83 on revenue of €9.92B. Analysts polled by Investing.com anticipated EPS of €1.78 on revenue of €9.88B.
Sanofi shares are down 53.92% from the beginning of the year, still down 19.04% from its 52 week high of €95.82 set on July 21. They are under-performing the TR UK 50 which is down 26.44% from the start of the year.
Sanofi shares lost 1.85% 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 October 20, who reported EPS of €1.2 on revenue of €510.4M, compared to forecasts EPS of €0.95 on revenue of €491.08M.
AB Science had missed expectations on October 1 with third quarter EPS of €-0.23 on revenue of €807.0K, compared to forecast for EPS of €-0.16 on revenue of €0.90M.
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