Top Healthcare Stocks
Healthcare stocks were mostly higher Thursday, with the NYSE
Healthcare Sector Index advancing 1.0% and shares of healthcare
companies in the S&P 500 rising 1.0% as a group.
In company news, Actavis plc (
) rose to a new 52-week high Thursday after the generic drug-maker
reported Q4 earnings of $3.17 per share, ex items, topping analyst
forecasts by $0.13 per share.
Revenue rose 58.8% year over year to $2.78 billion, also
exceeding the Capital IQ consensus by around $120 million.
ACT also reaffirmed its FY14 guidance expecting per-share
earnings of $12.60 to $13.10, ex items, spanning the median
estimate looking for $13.01 per share. Both estimates excluded
possible impacts of ACT's pending purchase of Forest Labs (
Shares were up 4.2% at $219.33 apiece, earlier reaching a new
52-week high of $222.24 a share.
In other sector news,
(+) ISR, (+1.3%) Extends gains to a second day after late
Tuesday reporting fiscal Q2 net loss of $0.02 per share, $0.01 less
than the year-ago loss. Revenue rose 11% year over year to $1.09
mln, trailing Thomson Reuters consensus by around $30,000.
(-) ONTX, (-41.7%) Said its rigosertib intravenous cancer
treatment combined with best supportive care did not show a a
statistically significant improvement in median survival rates when
compared to best supportive care in patients with higher-risk
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