Healthcare Stocks Holding On To Gains; CardioNet Jumps Over 33% After Reversing Year-Ago Net Loss

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Top Healthcare Stocks

JNJ +0.63%

PFE -0.32%

ABT -0.15%

MRK +0.60%

AMGN -2.03%

Healthcare stocks are higher, with the NYSE Healthcare Sector Index climbing 0.7% and shares of healthcare companies in the S&P 500 rising 0.4% as a group.

In company news, CardioNet Inc. ( BEAT ) is up more than 33% to $7.29 a share, holding slightly below its new 52-week high of $7.44 after the medical device company reported adjusted Q2 earnings of $0.02 per share, reversing a year-ago $0.01 net loss.

Revenues rose 13.1% from the same quarter last year to $32.1 million. No analyst estimates were available for comparison.

In other sector news,

(-) EHTH, Strikes deal with U.S. government on key requirements allowing the company to enroll residents in 36 states who are eligible for a tax subsidy in qualified health insurance plans under the Affordable Care Act.

(-) NUVA, Q2 adjusted earnings of $0.20 per share miss analyst projections by $0.03 worse than the Capital IQ Consensus Estimate of $0.23; revenues rose 7.3% year/year to $165.7 mln vs the $161.67 mln consensus.



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Referenced Stocks: BEAT

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