Health Care Sector Update for 02/20/2015: AHS,CLSN,CLRX

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Top Health Care Stocks

JNJ +0.15%

PZE +0.41%

MRK +1.84%

ABT +0.23%

AMGN +0.91%

Health care stocks were adding to their earlier gains with the NYSE Health Care Sector Index jumping over 1.0% and shares of health care companies in the S&P 500 ahead almost 1.0% as a group.

In company news, AMN Healthcare Services Inc. ( AHS ) jumped to its best share price in nearly eight years on Friday after reporting Q4 earnings and revenue that beat analyst estimates.

Net income during the three months ended Dec. 31 rose 18% over year-ago levels to $9.9 million, or $0.20 per share. Excluding one-time items it earned $0.21 per share, topping the Capital IQ consensus by $0.03 per share.

Revenue rose 12% to $279.6 million, exceeding the Street view by around $12.48 million. For the current quarter, the company is projecting between $310 million to $314 million in revenue, breezing past estimates by at least $26.14 million.

AHS shares recently were ahead by nearly 11% in late trade at $22.34 a share after earlier climbing to their highest level since April 2007 at $23.23 a share. Prior to today's gain, the stock already had risen more than 45% over the past 12 months.

In other sector news,

(+) CLSN, Said its GEN-1 IL-12 immunotherapy had a 45% disease control rate and a median overall survival of 10 months during Phase II testing in patients with ovarian cancer.

(-) CLRX, Prices $4.8 mln public offering of 3.84 mln shares of its common stock at $1.25 apiece. Deal also includes equal number of five-year warrants to buy another CLRX share at $1.56 each, effective immediately.

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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