Sector Update: Healthcare Shares Mixed Pre-Market; Merge Healthcare Q4 Earnings Line with Consensus

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Healthcare stocks:

JNJ: +0.12%

PFE: -0.35%

ABT: -2.24%

MRK: +1.02%

AMGN: -0.16%

Healthcare shares were mixed in pre-market trade Thursday.

In healthcare stocks news, Merge Healthcare Inc. ( MRGE ) said Q4 adjusted net income was $0.04 a share, compared with a loss of $0.13 a year ago and in line with analysts' expectations.

Net sales fell to $53.6 million from $64.7 million and missed the consensus view for $57.6 million, according to Capital IQ.

Merge said 2014 sales will be essentially flat with 2013 sales for continuing businesses, while adjusted EBITDA is expected to improve due to 2013 cost containment initiatives.

And, Ireland-based pharmaceutical company Actavis ( ACT ) reported it swung to a Q4 loss, but it posted an adjusted profit and revenue that topped analysts' expectations and confirmed its 2014 forecast.

The company posted a Q4 loss attributable to common shareholders of $148.4 million, or $0.86 per share, compared with a prior-year profit of $28 million, or $0.21 per share.

Excluding one-time items, it earned $3.17 per shares in the latest quarter, up from $1.59 per share a year earlier and above the $3.04 per share expected on average by analysts polled by Capital IQ.



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This article appears in: Investing , Commodities

Referenced Stocks: MRGE , ACT

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