Top Healthcare Stocks
Healthcare stocks were solidly higher Friday afternoon with the
NYSE Healthcare Sector Index climbing about 1.4% and shares of
healthcare companies in the S&P 500 rising 1.8% as a group.
In company news, AthenaHealth was up 25.6% in late trade at
$174.74 a share, earlier climbing to a new 52-week high of $177.79
after late yesterday reporting Q4 earnings that beat analyst
estimates by $0.13 per share.
EPS for the three months ended Dec. 31, 2013, were $0.57 per
share, easily topping the Capital IQ consensus looking for a $0.44
profit. Revenue rose 47.5% year over year to $171.6 million,
beating the Street view by nearly $3 million.
In other sector news,
(+) CYTK, Stock soars after the biotech company posts a surprise
Q4 profit and revenue jumped 11 times over year-ago levels.
(-) LH, Adjusted Q4 net income rises $0.07 over year-ago levels
to $1.61 per share but still falls $0.04 short of analysts
forecasts. Revenue climbs 2.3% year over year to $1.43 bln, largely
matching Street projections.
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