Sector Update: Health Care

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Health-care shares were lower along with the broader stock market in pre-market trade Thursday.

In health-care stocks news, Novartis AG ( NVS ) American depositary shares slipped in Thursday's pre-market session, after the Swiss maker of health-care products reported Q2 adjusted earnings and revenue below Street expectations.

NVS was down 1.3% at $88.86 in recent pre-market trading , in a 52-week range of $70.95 to $91.66.


And, NeoGenomics ( NEO ), a provider of cancer-focused genetic-testing services, reported Q2 earnings in line with analysts' consensus on revenue that slightly topped the Street view.

Net income was $274,000, or $0.01 per share, compared with $273 million, or $0.01 per share, a year earlier. The per-share result matched analysts' consensus estimate, according to Capital IQ.

Finally, Baxter International ( BAX ) shares were slightly higher in recent pre-market trade after reporting Q2 earnings and revenues that exceeded analysts' expectations.

BAX is trading near the top end of the 52-week range between $62.80 and $77.14.



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: NVS , NEO , BAX

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