Sector Update: Healthcare

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Healthcare stocks are higher with the NYSE Healthcare Sector Index rising 0.5% and shares of healthcare companies in the S&P 500 climbing 0.6% as a group.

In company news, Staar Surgical ( STAA ) is up 18% to $12.40 a share, earlier climbing to a new 52-week high of $12.93 after the maker of implantable eye lens raised its guidance for FY13 revenue growth by 4% over its prior outlook, now forecasting 12% to 14% growth.

Analysts, on average, are expecting 10.5% year-over-year sales growth to around $70.5 million during the 12 months ending in December.

STAA also reported Q2 adjusted earnings of $0.05 per share, up from $0.03 during the year-ago period and beating the consensus view by $0.03 per share. Quarterly net sales jumped 14% to $18.2 million, also exceeding the Street view by around $820,000.

The Q2 results $11.3 million in sales of the company's Visian ICL product portfolio, which posted a 31% year-over-year increase.

In other sector news,

(+) ANIK, (+20%, hit fresh year highs) Reports Q2 net income of $0.40 per share, topping analyst estimates by $0.17 per share. Total revenue rose 6% year over year to $20.8 million, topping the Street view by $3.71 million.

(-) GHDX, (-2.1%) Q2 net loss of $0.10 per share trails analyst expectations by $0.02. Revenue was up 11.4% over last year to $63.7 million, matching estmates.



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: STAA

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