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 Monday, April 27, 2020, 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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