Health Care Sector Update for 02/19/2016: AHS,OGEN,GBS

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Top Health Care Stocks

JNJ +0.65%

PZE -0.20%

MRK +0.57%

ABT -0.40%

AMGN +0.55%

Health care stocks were lower at Friday's close, with the NYSE Health Care Index declining about 0.2% while shares of health care companies in the S&P 500 were down about 0.1% as a group.

In company news, AMN Healthcare Services ( AHS ) rose Friday after the health care staffing agency reported better-than-expected Q4 financial results, and also provided revenue guidance for the current quarter that exceeded Wall Street opinion.

The company earned $0.47 per share during the three months ended Dec. 31, beating the Capital IQ consensus by $0.07 per share. Revenue grew 43.9% over year-ago levels to $402.55 million, also topping the $387.55 million consensus.

For Q1, AMN is forecasting revenue in a range of $444 million to $450 million, well above estimates.

AHS shares were up nearly 12% at $28.01 apiece, reaching a session high of $29.40 a share soon after the opening bel.

In other sector news,

(+) OGEN, Federal agency issues U.S patent for the company's SMaRT Replacement Therapy, which is used to prevent of tooth decay and can be formulated in a variety of compositions, including mouthwash, toothpaste, chewing gum, floss, chewable tablet, food, and beverages.

(-) GBSN, Prices $6.3 mln public offering of 39.2 mln units public offering at 16 cents each, a 27% discount to Thursday's closing price. Each unit consisted of one share of common stock and 1.5 Series E warrants exercisable at 25 cents per sahre..

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

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This article appears in: Investing , US Markets
Referenced Symbols: OGEN

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