Investing.com - Ontrak reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ontrak announced earnings per share of $-0.48 on revenue of $2.8M. Analysts polled by Investing.com anticipated EPS of $-0.54 on revenue of $4.55M.
Ontrak shares are down 19% from the beginning of the year and are trading at $0.40 , down-from-52-week-high.
Ontrak shares gained 5.26% in after-hours trade the report.
Ontrak follows other major Healthcare sector earnings this month
Ontrak's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.89B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on Tuesday, October 18, 2022 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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