Sector Update: Health Care Stocks Weighed in Pre-Market Trade

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Top Health care stocks:

JNJ: -0.21%

PFE: -0.38%

ABT: -0.09%

MRK: flat

AMGN: flat

Health care shares were generally lower in pre-market trade Tuesday.

In health-care stocks news, Actavis ( ACT ) shares were down after it announced Q2 results that beat the Street view on EPS and total revenue and has provided second half 2014 and initial 2015 guidance.

The pharmaceutical company reported Q2 adjusted EPS of $3.42, up from $2.01 per diluted share in Q2 2013 and beating analyst estimates of $3.37. Total revenue of $2.66 billion was up from $1.98 billion in Q2 2013, topping analyst projections of $2.55 billion for the quarter.

And, Regeneron Pharmaceuticals ( REGN ) shares were down after it announced Q2 results that beat the Street view on earnings per share and total revenues and has reaffirmed full-year guidance of sales of its EYELEA product.

The company has reported Q2 adjusted EPS of $2.47 per share, up from $1.73 in Q2 2013 and beating analyst estimates of $2.30. Total revenue of $665.70 was up from $457.64 million and topped analyst projections of $647.59 million.

Finally, Ensign Group ( ENSG ) Tuesday said it is maintaining its diluted EPS guidance of $2.16 to $2.21 for 2014 on revenues of $1.01 billion to $1.025 billion. The average analyst estimates are for diluted EPS of $2.55 on revenues of $1 billion, according to Capital IQ.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ACT , REGN , ENSG

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