Lipocine Earnings inline, Revenue misses In Q3

  • Investing.com
Lipocine Earnings inline, Revenue misses In Q3
Credit: © Reuters.

Investing.com - Lipocine reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.

Lipocine announced earnings per share of $-0.0300 on revenue of $600K. Analysts polled by Investing.com anticipated EPS of $-0.0300 on revenue of $798.67K.

Lipocine shares are down 28.9% from the beginning of the year and are trading at $0.3666 , down-from-52-week-high.

Lipocine shares lost 6.24% in intra-day trade the report.

Lipocine follows other major Healthcare sector earnings this month

Lipocine'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.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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