Investing.com - Kinnate reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was in line with expectations.
Kinnate announced earnings per share of $-0.70 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.62 on revenue of $0.00.
Kinnate shares are down 53.92% from the beginning of the year, still down 63.98% from its 52 week high of $24.46 set on November 11, 2021.
Kinnate follows other major Healthcare sector earnings this month
Kinnate's report follows an earnings beat by UnitedHealth on October 14, 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 October 18 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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