Sector Update: Healthcare Shares Mixed Pre-Market; Abbott Labs Dips on Q4 Results

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Healthcare stocks:

JNJ: -0.15%

PFE: +0.13%


ABT: -0.31%

MRK: flat

AMGN: flat

Healthcare shares are generally trading flat in pre-market trade.

Among news in this sector, Abbott Labs ( ABT ) is down 0.3% this morning as it reports Q4 EPS of $0.58, in line with the analyst consensus on Capital IQ. Sales were $5.65 bln, shy of the Street view of $5.71 bln.

In 2014, the company expects an increase in share buybacks to more than $2 billion.

For FY 2014 earnings, the company expects ongoing EPS of $2.16-$2.26 per share. The Street is at $2.21 per share.

And, Integrated life science company Meridian Bioscience ( VIVO ) reported financial results for Q1, that fell in line with analysts' expectations.

VIVO reported Q1 earnings of $7.4 million, or $0.18 per diluted share, compared with the prior-year period's $8.47 million or $0.20 per share. Revenues were $44.8 million, down 1% from $45.35 million in the same quarter last year.

Analysts polled by Capital IQ were expecting EPS of $0.20 on revenues of $44.79 million.



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: ABT , VIVO

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