Sartorius Stedim reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sartorius Stedim announced earnings per share of €0.87 on revenue of €422.1M. Analysts polled by anticipated EPS of €0.76 on revenue of €388.37M. That with comparison to EPS of €0.68 on revenue of €342.9M in the same period a year before. Sartorius Stedim had reported EPS of €0.7 on revenue of €363.9M in the previous quarter. Analysts are expecting EPS of €0.89 and revenue of €444.64M in the upcoming quarter.
Sartorius Stedim shares are up 38% from the beginning of the year , still down 9.25% from its 52 week high of €224.80 set on April 21. They are outperforming the STOXX 600 which is down 20.98% year to date.
Sartorius Stedim shares gained 3.03% in intra-day trade following the report.
Sartorius Stedim follows other major Healthcare sector earnings this month
Sartorius Stedim's report follows an earnings beat by Genfit on April 8, who reported EPS of €-0.6 on revenue of €2.5M, compared to forecasts EPS of €-0.79 on revenue of €2.9M.
Nicox had beat expectations on Friday with first quarter EPS of €-0.12 on revenue of €1.7M, compared to forecast for EPS of €-0.15 on revenue of €900K.
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