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Sector Update: Healthcare
By: MT Newswires
Healthcare stocks were mixed today with the NYSE Healthcare Sector Index climbing 0.2% while shares of healthcare companies in the S&P 500 were down 0.4% as a group.
In company news, shares of Cerner Corp ( CERN ) slid over 5% Wednesday despite the healthcare technology company posting a 12% year over year increase in Q4 revenue to $795.3 million, topping analyst projections by around $1.48 million.
The company earned $0.39 per share during the quarter.
It sees Q1 revenue of $770 million to $810 million, in-line with the $780.95 million consensus. It also forecast FY14 EPS in a range of $1.62 to $1.67 on $3.2 billion to $3.4 billion in revenue. The Street is at $1.66 per share on $3.33 billion in revenue this year.
In other sector news,
(+) MYGN, Reports Q2 EPS of $0.66, topping estimates by $0.20 per share. Revenue rises 36.9% over year-ago levels to $204.1 mln, beating projections by almost $29 mln. Guides FY14 earnings at least $0.13 over consensus view; revenue exceeds expectations by $4.91 mln.
(-) GHDX, Q4 loss of $0.30 per share was $0.27 wider than analyst estimates. Revenue of $68.8 million also misses consensus view by around $690,000. Projects FY14 net loss of $0.95 to $0.75 per share on between $278 mln to $286 mln in revenue. The Street is expecting a $0.21 per share profit on $294.79 mln in revenue.