Vertex Earnings Miss, Revenue Beats In Q1
2022.05.05 23:28
Vertex Earnings Miss, Revenue Beats In Q1
Investing.com – Vertex (NASDAQ:VRTX) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Vertex announced earnings per share of $3.52 on revenue of $2.1B. Analysts polled by Investing.com anticipated EPS of $3.56 on revenue of $2.07B.
Vertex shares are up 21% from the beginning of the year, still down 9.01% from its 52 week high of $292.75 set on April 14. They are outperforming the Nasdaq which is down 21.27% from the start of the year.
Vertex follows other major Healthcare sector earnings this month
Vertex’s report follows an earnings beat by J&J on April 19, who reported EPS of $2.67 on revenue of $23.43B, compared to forecasts EPS of $2.59 on revenue of $23.62B.
UnitedHealth had beat expectations on April 14 with first quarter EPS of $5.49 on revenue of $80.15B, compared to forecast for EPS of $5.36 on revenue of $78.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
