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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ZLTQ

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