Investing.com - Nuwellis reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nuwellis announced earnings per share of $-0.370 on revenue of $2.1M. Analysts polled by Investing.com anticipated EPS of $-0.410 on revenue of $2.46M.
Nuwellis shares are down 20% from the beginning of the year and are trading at $0.255 , down-from-52-week-high.
Nuwellis shares gained 5.37% in pre-market trade following the report.
Nuwellis follows other major Healthcare sector earnings this month
Nuwellis'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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