Morphosys AG earnings miss, Revenue beats in Q1

  • Investing.com
Morphosys AG earnings miss, Revenue beats in Q1
Credit: © Reuters.

Investing.com - Morphosys AG reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Morphosys AG announced earnings per share of €-1.45 on revenue of €47.2M. Analysts polled by Investing.com anticipated EPS of €-1.37 on revenue of €44.3M (NYSE: MMM ).

Morphosys AG shares are down 22% from the beginning of the year and are trading at €72.450 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 10.14% year to date.

Morphosys AG follows other major Healthcare sector earnings this month

Morphosys AG's report follows an earnings missed by Siemens Healthineers on Monday, who reported EPS of €0.44 on revenue of €3.97B, compared to forecasts EPS of €0.4647 on revenue of €3.9B.

Fresenius Medical Care had beat expectations on Thursday with first quarter EPS of €0.85 on revenue of €4.21B, compared to forecast for EPS of €0.7776 on revenue of €4.33B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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