Investing.com - GlaxoSmithKline reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
GlaxoSmithKline announced earnings per share of £0.19 on revenue of £7.62B. Analysts polled by Investing.com anticipated EPS of £0.2 on revenue of £7.67B.
GlaxoSmithKline shares are down 26% from the beginning of the year and are trading at £1,553.80 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 11.88% from the start of the year.
GlaxoSmithKline follows other major Healthcare sector earnings this month
GlaxoSmithKline's report follows an earnings missed by Croda Intl on Thursday, July 23, 2020, who reported EPS of £0.84 on revenue of £672.9M, compared to forecasts EPS of £84.00 on revenue of £685.23M.
ReNeuron had beat expectations on Monday, July 20, 2020 with second quarter EPS of £-0.24 on revenue of £35.00K, compared to forecast for EPS of £-27.85 on revenue of £1.99M.
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