Sector Update: Healthcare Shares Flat Pre-Market; Amedisys Posts Bigger-Than-Expected Adjusted Q4 Loss

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Top Health-care stocks:

JNJ: flat

PFE: -0.25%


ABT: flat

MRK: flat

AMGN: flat

Health-care shares were mainly flat in pre-market trade Wednesday.

In health-care-stocks news, Amedisys ( AMED ) reported an adjusted Q4 loss that was wider than expected while sales fell but exceeded estimates.

The provider of personalized health-care services posted a Q4 net loss of $9.6 million, or $0.30 per share, compared with a prior-year loss of $106.8 million, or $3.52 per share. The year-earlier period was weighed down by goodwill and other impairment charges of $162.1 million.

Specialty pharmaceutical company SciClone Pharmaceuticals ( SCLN ) reported Q4 earnings and revenue below analysts' expectations while forecasting weaker-than-expected 2014 earnings.

Shares tumbled 6% in recent pre-market trading to $4.42, in a 52-week range of $4.25 to $6.30.

The company reported Q4 GAAP earnings of $36,000, or $0.00 per share, compared with the prior-year period's $1.9 million, or $0.03 per share. Non-GAAP EPS was $0.07, compared with $0.04 EPS for the same period in 2012. Analysts polled by Capital IQ were expecting non-GAAP EPS of $0.15.



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: AMED , SCLN

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