Healthcare Stocks Holding Late Gains; DexCom Climbs to 52-Week High After Narrowed Q2 Net Loss


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Top Healthcare Stocks

JNJ -0.41%

PFE -0.36%

ABT -0.04%

MRK -0.03%

AMGN -1.83%

Healthcare stocks are ending slightly higher with the NYSE Healthcare Sector Index climbing about 0.3% while shares of healthcare companies in the S&P 500 are up 0.2% as a group.

In company news, DexCom Inc. ( DXCM ) is up more than 23% at $27.11 a share, earlier setting a 52-week high of $27.96 after the medical device company narrowed its Q2 net loss compared to its year-ago results and revenue surged.

The maker of continuous glucose monitors reported Q2 revenue of $35.8 million, up 53% from the year-ago quarter. The net loss was $0.14, a 33% decline from last year's $0.21 per share loss.

Analysts, on average, were looking for a $0.13 per share net loss on $32.4 million in revenue.

In other sector news,

(+) XON, Synthetic-biology startup soars over 50% after pricing an upsized initial public offering of 10 million shares at $16 each.

(-) ARRY, Narrows fiscal Q4 net loss compared to last year's results, also beating analyst estimates. Revenue climbs 22.7% year over year to $25.4 million, also beating expectations.

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

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

This article appears in: Investing , Commodities

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