Investing.com - Seagen reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Seagen announced earnings per share of $-1.03 on revenue of $510.00. Analysts polled by Investing.com anticipated EPS of $-0.95 on revenue of $459.58M.
Seagen shares are down 33% from the beginning of the year, still down 31.92% from its 52 week high of $192.79 set on November 8, 2021.
Seagen shares gained 0.51% in after-hours trade following the report.
Seagen follows other major Healthcare sector earnings this month
Seagen'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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