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 also climbing about 0.5% as a group.

In company news, ZELTIQ Aesthetics Inc. ( ZLTQ ) is up 31.6% at 7.95 a share, earlier today setting a new 52-week high of $8.49 after the medical-device company late yesterday narrowed its Q2 net loss compared to the year-ago period by $0.14, posting a net loss of $0.10 per share during the three months ended June 30.

Analysts, on average, were expecting an $0.18 per share Q2 loss. Total net revenue rose 17.9% to $26.3 million, easily eclipsing the analyst consensus by $6.35 million.

ZLTQ also raised its FY13 guidance, now forecasting revenue growth of 20% over year-ago levels, up from its prior outlook calling for 10% growth. The new guidance translates into yearly sales of around $91.4 million, topping the analysts view for 13.3% year over year growth and $86.31 million in FY13 revenue.

In other sector news,

(+) ANIK, 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, 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 estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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