Sector Update: Healthcare Shares Higher in Pre-Bell

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Top Healthcare Stocks:

JNJ: +0.50%

PFE: +0.25%

ABT: flat

MRK: -0.29%

AMGN: +0.76%

Healthcare shares are generally higher in pre-market trade. Cyberonics ( CYBX ) reports Q1 sales of $67.4 mln, in line with the analyst consensus on Capital IQ. EPS was $0.48, vs. expectations of $0.46 per share.

For FY 2014, the company reaffirmed its outlook of sales in the range of $279-$283 mln and EPS of $1.93-$2.01, vs. the Street view of $281 mln in sales and earnings of $1.98 per share.

And, Navidea Biopharmaceuticals ( NAVB ), a biopharmaceutical company focused on precision diagnostic radiopharmaceuticals, shares are up 4% at $2.87 pre-market as it says it has reached agreement with the U.S. Food and Drug Administration for two special protocol assessments for the company's pivotal Phase 3 program with NAV5001 as an aid in the differential diagnosis of Parkinsonian Syndromes from non-Parkinsonian tremor.



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: CYBX , NAVB

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As of 8/1/2014, 04:03 PM