Vertex (NASDAQ:VRTX) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vertex announced earnings per share of $1.7 on revenue of $1.26B. Analysts polled by anticipated EPS of $1.19 on revenue of $1.01B. That with comparison to EPS of $1.3 on revenue of $869.44M in the same period a year before. Vertex had reported EPS of $1.23 on revenue of $949.83M in the previous quarter. Analysts are expecting EPS of $1.45 and revenue of $1.09B in the upcoming quarter.
Vertex shares are up 5.28% from the beginning of the year and are trading at $240.00 , still down 2.93% from its 52 week high of $237.47 set on January 22. They are outperforming the Nasdaq which is up 2.87% year to date.
Vertex shares gained 4.12% in after-hours trade following the report.
Vertex follows other major Healthcare sector earnings this month
Vertex's report follows an earnings beat by J&J on January 22, who reported EPS of $1.88 on revenue of $20.75B, compared to forecasts EPS of $1.87 on revenue of $20.8B.
Novartis ADR had beat expectations on Wednesday with fourth quarter EPS of $1.32 on revenue of $12.4B, compared to forecast for EPS of $1.31 on revenue of $12.33B.
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