Vertex reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.5 on revenue of $783M. Analysts polled by forecast EPS of $1.01 on revenue of $789.71M. That compared to EPS of $0.53 on revenue of $578.2M in the same period a year earlier. The company had reported EPS of $0.94 on revenue of $751.22M in the previous quarter.
Vertex shares lost 0.06% to trade at $163.00 in after-hours trade following the report.
For the year, Vertex shares are up 8.73%, outperforming the NASDAQ 100 which is up 5.56% year to date.
Vertex follows other major Healthcare sector earnings this month
On October 16, J&J (NYSE:JNJ) reported third quarter EPS of $2.05 on revenue of $20.35B, compared to forecasts of EPS of $2.03 on revenue of $20.04B.
Novartis ADR earnings beat analyst's expectations on October 18, with third quarter EPS of $1.32 on revenue of $12.78B. analysts expected EPS of $1.31 on revenue of $12.98B
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