Healthcare Stocks Adding to Earlier Losses; AtriCure Jumps Nearly 12% After Q3 EPS, Revenue Beats


Top Healthcare Stocks

Healthcare stocks are mostly lower, with the NYSE Healthcare Sector Index falling 0.6% and shares of healthcare companies in the S&P 500 giving up 0.7% as a group.

In company news, AtriCure Inc. ( ATRC ) is enjoying a big run higher, with shares of the atrial defibrillator manufacturer climbing 11.7% to $13.90 each after posting a $0.13 per share Q3 net loss, in from a $0.16 per share loss in the year-ago period and also besting analyst expectations by $0.03 per share.

Quarterly revenue rose 24.8% from the same quarter last year to $20.15 million, exceeding the Thomson Reuters consensus by $1.84 million, or more than 10%.

Looking forward, ATRC management now sees FY13 revenue rising 14% over the prior fiscal year to $80 million, up from its previous guidance looking for an increase of between 10 to 12% over FY12. The Street is at $78.26 million.

In other sector news,

(+) NUVA, (+20.7%) Q3 EPS of $0.39 beats by $0.15. Revenue climbs 14.0% to $169.2 mln, topping the consensus view by $10.76 mln. Raises FY13 EPS guidance by $0.14 to $1.14 per share, boosts revenue forecast by $15 mln to $670 mln, both topping consensus estimates.

(-) PRXL, (-15.5%) Q1 GAAP earnings of $0.45 per share match estimates by $449.2 mln in revenue misses by $7.11 mln. Projected Q2 earnings match consenus while revenue is seen exceeding Street view by $2.21 mln. Issues in-line FY14 earnings, revenue guidance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: ATRC

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