Sector Update: Healthcare Shares Flat; Actavis up 3% on Q3 Earnings


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Healthcare stocks:

JNJ: flat

PFE: -0.88%

ABT: flat

MRK: flat

AMGN: flat

Healthcare shares are flat to lower in pre-market trade.

In healthcare stocks news, Actavis ( ACT ) is up 2.84% at $150 in pre-market trading after the integrated specialty pharmaceutical company reported Q3 EPS of $2.09, in line with the Capital IQ consensus estimate. Revenues of $2.01 billion were also in line with the consensus of $2.03 billion.

And, Alere ( ALR ) said its Q3 non-GAAP adjusted net income rose to $0.59 per share from $0.43 the year earlier, ahead of the average $0.54 Capital IQ analyst estimate. Net revenue rose to $753.9 million from $691.4 million, also ahead of the consensus estimate of $738 million.

The provider of point-of-care diagnostics and services said it is on track to deliver on its strategic plan that was implemented in November 2012.

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

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

This article appears in: Investing , Commodities
More Headlines for: ACT , ALR

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