Top Healthcare Stocks
Healthcare stocks were rising Friday with the NYSE Healthcare
Sector Index advancing 0.8% and shares of healthcare companies in
the S&P 500 climbing 1.1% as a group.
In company news, Hanger (
) slid to a new 52-week low Friday after the provider of orthotic
and prosthetic patient care services reported below-consensus Q2
profit and revenue.
Adjusted EPS was $0.40 during the quarter, trailing the Capital
IQ consensus by $0.13 per share. GAAP net income decreased to $12.6
million, or $0.35 per diluted share, in the April-to-June period,
from $14.1 million last year.
Q2 sales increased to $275.9 million from $267.8 million last
year but still lagged the Wall Street's consensus of $285.5
HGR shares were down over 25% at $22.39 apiece, earlier sliding
to a new 52-week low of $21.02 per share.
In other sector news,
(+) TKMR, FDA removes full hold on the company's potential Ebola
drug, allowing some patients to be treated with TKM-Ebola in
limited experiments under a new regulatory partial hold.
(-) VOLC, Reports Q2 net loss of $5.5 mln, or $0.10 per share,
trailing expectations by $0.05 per share. Revenue of $102.6 mln
also fell about $500,000 short. Oppenheimer downgrade to Market
Perform from Outperform, cuts price target by $7 to $22 a
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