Investing.com - Infinity reported on Monday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Infinity announced earnings per share of $-0.120 on revenue of $712K. Analysts polled by Investing.com anticipated EPS of $-0.120 on revenue of $584.67K.
Infinity shares are down 45% from the beginning of the year , still down 66.90% from its 52 week high of $2.81 set on Friday, December 17, 2021.
Infinity shares lost 21.82% in intra-day trade the report.
Infinity follows other major Healthcare sector earnings this month
Infinity's report follows an earnings beat by J&J on Tuesday, October 18, 2022, who reported EPS of $2.55 on revenue of $23.79B, compared to forecasts EPS of $2.48 on revenue of $23.36B.
Eli Lilly had beat expectations on Tuesday, November 1, 2022 with third quarter EPS of $1.98 on revenue of $6.94B, compared to forecast for EPS of $1.91 on revenue of $6.91B.
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