Sector Update: Healthcare Mixed Pre-Market; Medtronic's Results in Line with Estimates


Top Healthcare Stocks:

JNJ: flat

PFE: +0.21%

ABT: flat

MRK: -0.59%

AMGN: -0.20%

Healthcare shares are mixed flat in pre-market trade. Medtronic ( MDT ) reported Q1 EPS that came in line with consensus forecasts but was just shy on revenue. MDT is flat at $54.10.

Net earnings and diluted earnings on a non-GAAP basis were $898 million, or $0.88, up 2% and 4%, respectively, over the same period last year. Revenue was $4.083 billion, compared to the $4.008 billion last year and just under the $4.1 billion analysts had been looking for.

And, PDI, Inc. ( PDII ) is flat at $27.35 pre-market as it says it signed a collaboration agreement with a privately held molecular diagnostics company to commercialize the company's molecular diagnostic tests. The initial test to be commercialized is fully developed. PDII has paid the company an initial fee of $1.5 million and has received an option to purchase the company.

Finally, DS Healthcare Group ( DSKX ) said Q2 earnings said its net loss widened to $0.06 per share from a loss of $0.03 a year ago. Net revenues fell 2% to $3.43 million due to a new company policy of extending credit to new and existing customers.

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.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: DSKX , MDT , PDII

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