Investing.com - Vertex (NASDAQ:VRTX) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.26 on revenue of $941.3M (NYSE:MMM). Analysts polled by Investing.com expected EPS of $1.07 on revenue of $885.64M. That compared to EPS of $0.94 on revenue of $751.22M in the same period a year earlier. The company had reported EPS of $1.14 on revenue of $858.29M in the previous quarter.
Vertex shares lost 1.71% to trade at $163.77 in after-hours trade following the report.
Vertex shares lost 1.71% to trade at $163.77 in after-hours trade following the report.
For the year, Vertex shares are up 0.55%, under-performing the Nasdaq which is up 25.64% year to date.
Vertex follows other major Healthcare sector earnings this month
On Tuesday, July 16, 2019, J&J reported second quarter EPS of $2.58 on revenue of $20.56B, compared to forecasts of EPS of $2.46 on revenue of $20.29B.
Pfizer earnings beat analyst's expectations on Monday, with second quarter EPS of $0.8 on revenue of $13.26B. Investing.com analysts expected EPS of $0.75 on revenue of $13.41B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar