Investing.com - Avita Medical reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avita Medical announced earnings per share of $-0.25 on revenue of $8.34M. Analysts polled by Investing.com anticipated EPS of $-0.3432 on revenue of $7.32M.
Avita Medical shares are down 34.14% from the beginning of the year and are trading at $8.10 , down-from-52-week-high.They are under-performing the Nasdaq which is down 18.31% from the start of the year.
Avita Medical shares gained 2.66% in after-hours trade the report.
Avita Medical follows other major Healthcare sector earnings this month
Avita Medical's report follows an earnings beat by UnitedHealth on Friday, July 15, 2022, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on Tuesday, July 19, 2022 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.
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