Top Healthcare Stocks
Healthcare stocks were lower in afternoon trade with the NYSE
Healthcare Sector Index falling about 0.6% and shares of healthcare
companies in the S&P 500 were down just 0.2% as a group.
In company news, Agilent Technologies (
) rose Friday after the diagnosis equipment manufacturer beat Wall
Street expectations with its fiscal Q3 adjusted net income and
A shares were up about 3.6% this afternoon at $57.64 apiece,
earlier climbing to a session high of $59.01 a share. The stock has
a 52-week range of $46.17 to $61.22 a share, rising nearly 24% over
the past 12 months.
The company reported GAAP net income during the three months
ended July 31 of $147 million, or $0.43 per share, down compared
with last year's Q3 GAAP profit of $168 million, or $0.49 per
Per-share net income for the quarter, excluding one-time items,
came in at $0.78, topping the Capital IQ consensus by $0.04 per
share. Revenue rose 7% year over year to $1.77 billion, also
exceeding expectations by around $30 million.
For the current quarter, A is expecting revenue in a range of
$1.81 to $1.85 billion, bracketing Street estimates looking for
$1.83 billion in quarterly revenue. EPS is seen in a range of $0.87
to $0.91, trailing the consensus view by at least $0.03 per
In other sector news,
(+) CRMD, (+7.2%) FDA accepts Phase III study protocol of
Neutrolin drug candidate in hemodialysis patients with a central
venous catheter. Also announces strategic pact with Wonik Corp. to
sell Neutrolin in South Korea after expected regulatory
(-) CLRB, (-17.3%) Prices $12.5 mln public offering of 3.33 mln
shares at $3.75 apiece, as well warrants to buy additional 3.33 mln
shares at $4.68 each. Issues 1.11 mln shares and warrants in
exchange of cancelling $4 mln of convertible debentures.