Health Care Sector Update for 11/08/2018: PRGO, CAH, AZN, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: -0.10%

PFE: -0.59%

ABT: Flat

MRK: Flat

AMGN: Flat

Health care stocks were flat to lower in Thursday's pre-bell trade.

Early movers include:

(-) Perrigo ( PRGO ), which was tumbling more than 12% after it reported Q3 adjusted earnings of $1.09 per share, down from $1.39 in the comparable period a year ago but above the estimate of $1.04 from analysts polled by Capital IQ. Revenue fell short of estimates.

(+) Cardinal Health ( CAH ) was up more than 2% as it reported fiscal Q1 2019 non-GAAP diluted earnings per share of $1.29, up from $1.09 during the year-ago quarter, and easily beating the Capital IQ consensus forecast of $1.07.

In other sector news:

(+) Astrazeneca ( AZN ) ADRs were more than 1% higher after the company reported financial results for Q3, with lower-than-expected earnings and revenue that topped analysts' expectations; it reaffirmed its earnings guidance for fiscal 2018 above Street forecasts.

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: PRGO , CAH , AZN , JNJ , PFE

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