Investing.com - MorphoSys ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MorphoSys ADR announced earnings per share of $-1.62 on revenue of $369.7M. Analysts polled by Investing.com anticipated EPS of $-0.48 on revenue of $11.32M.
MorphoSys ADR shares are down 2.61% from the beginning of the year and are trading at $37.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 22.58% from the start of the year.
MorphoSys ADR shares gained 6.51% in after-hours trade the report.
MorphoSys ADR follows other major sector earnings this month
MorphoSys ADR's report follows an earnings beat by L’Oreal ADR on July 30, who reported EPS of $3.82 on revenue of $6.92B, compared to forecasts EPS of $0.85 on revenue of $6.98B.
HSBC Holdings PLC ADR had missed expectations on Monday with second quarter EPS of $0.03 on revenue of $13.15B, compared to forecast for EPS of $0.27 on revenue of $13.29B.
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