Investing.com - Fresenius ST (DE:FMEG) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fresenius ST announced earnings per share of €0.95 on revenue of €4.49B. Analysts polled by Investing.com anticipated EPS of €0.98 on revenue of €4.42B. That with comparison to EPS of €1.04 on revenue of €4.13B in the same period a year before.Fresenius ST had reported EPS of €1.36 on revenue of €4.55B in the previous quarter.Analysts are expecting EPS of €1.09 and revenue of €4.57B in the upcoming quarter.
Fresenius ST shares are down 30% from the beginning of the year and are trading at €72.820 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 24.25% year to date.
Fresenius ST follows other major Healthcare sector earnings this month
Fresenius ST's report follows an earnings beat by Bayer on April 27, who reported EPS of €2.67 on revenue of €12.85B, compared to forecasts EPS of €2.52 on revenue of €12.57B.
Siemens Healthineers had beat expectations on Tuesday with second quarter EPS of €0.43 on revenue of €3.69B, compared to forecast for EPS of €0.4 on revenue of €3.65B.
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