Sector Update: Healthcare Shares Flat Pre-Market; ImmunoGen up 4% on Q4 Results

By
A A A

Healthcare stocks:

JNJ: -0.73%

PFE: flat


ABT: flat

MRK: flat

AMGN: flat

Healthcare shares were flat in pre-market trade Friday.

Biotechnology company ImmunoGen, Inc. ( IMGN ) was up 4.2% Friday after it said it had net income of $3.8 million, or $0.04 diluted share, for Q2 2014, compared to a net loss of $24.4 million, or $0.29 per diluted share, in the prior-year period.

ImmunoGen did not provide its non-GAAP earnings, which would have been comparable to the Capital IQ consensus of a loss of $(0.18). Revenues were $30.1 million, up from $2.6 million in Q2 2013.

And, SurModics ( SRDX ) reported earnings of $0.21 per share for Q4, which is in line with Street estimates, and $13.8 million in revenue, which is short of the $14.2 million consensus view.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: IMGN , SRDX

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com