Health Care Sector Update for 10/31/2018: CLVS, EXAS, SNY, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: +0.53%

PFE: +0.40%

ABT: Flat

MRK: +0.44%

AMGN: +0.19%Flat

Health care stocks were trading flat to higher in before the bell Wednesday.

Moving stocks include:

(-) Clovis Oncology ( CLVS ), which was over 17% lower after the company reported financial results for Q3, with a wider-than-expected loss and revenue that fell short of analysts' expectations; it also provided revenue guidance for Q4 below Street estimates.

(+) Exact Sciences ( EXAS ) was up by almost 10% though its net loss widened to $0.37 per share in Q3 from $0.23 per share, but that was still narrower than analysts' estimates of $0.43 loss per share in a Capital IQ poll.

(+) Sanofi ( SNY ) was gaining more than 4% after reporting higher earnings and sales for Q3 and receiving priority review status from the US Food and Drug Administration for its dengue vaccine candidate.

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: CLVS , EXAS , SNY , JNJ , PFE

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