Sector Update: Healthcare


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Healthcare shares are generally flat in pre-market trade. In major earnings news, Procter & Gamble ( PG ) shares are up 1.4% at $81.40 as it reports core earnings per share, which excludes non-core items, were $0.79, a decrease of 4% versus the prior year. Analysts had expected $0.77 per share. PG is up 1.4% at $81.40 in pre-market trade.

And, Teva Pharmaceutical Industries ( TEVA ) is down 1.16% at $39.24 in the pre-market session after it reported Q2 earnings of $1.20 per share, in line with the Capital IQ consensus estimate. Revenues of $4.92 billion, also matched forecasts of $2.94 billion.

In the same period last year, the company reported EPS of $1.28 on revenues of $4.99 billion. TEVA is down 1.2% at $39.24.

And in other healthcare stocks news, Vivus Inc. ( VVUS ) says it has entered into a Commercial Supply Agreement with Sanofi Chimie, a wholly owned subsidiary of Sanofi, to manufacture and supply the active pharmaceutical ingredient for avanafil on an exclusive basis in the United States and other territories and on a semi-exclusive basis in the European Union and Latin America. VVUS is up 2% in pre-market trade.

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

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This article appears in: Investing , Commodities
More Headlines for: PG , TEVA , VVUS

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