Healthcare Stocks Narrowly Mixed in Late Trade; DepoMed Edges Higher After $0.02 EPS Beat in Q3


Shutterstock photo

Top Healthcare Stocks

JNJ +0.16%

PFE -0.35%

ABT +0.19%

MRK +1.19%

AMGN -1.51%

Healthcare stocks are mixed in late trade today with the NYSE Healthcare Sector Index ahead about 0.2% while shares of healthcare companies in the S&P 500 are down 0.4% as a group this afternoon.

In company news, DepoMed Inc. ( DEPO ) remains narrowly higher shortly before the closing bell, with shares rising 0.8% to $7.49 each and the specialty drug-maker reporting Q3 earnings of $0.11 per share, exceeding Wall Street expectations by $0.02.

Revenue rose 12.6% over the same quarter last year to $37.5 million, beating the Capital IQ consensus by $1.34 mln.

In other sector news,

(+) OXGN, Said its Zybrestat drug candidate showed statistically significant differences between the treatment and control arms in pre-clinical testing using a model of pancreatic neuroendocrine tumors.

(-) NAVB, Q3 loss of $0.09 per share is $0.01 wider than the Capital IQ consensus. Reports $400 mln in quarterly revenue, also lagging expectations by around $70,000.

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

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by