Markets

Health Care Sector Update for 02/13/2019: TEVA,EXEL,BABY

Top Health Care Stocks

JNJ -0.18%

PFE -0.80%

ABT -1.20%

MRK +0.50%

AMGN +0.21%

Health care stocks were little changed overall in Wednesday afternoon trading. The NYSE Health Care Index was down 0.1% in recent trade. Shares of health care companies in the S&P 500 were little changed while the Nasdaq Biotechnology index was climbing almost 0.3%.

Among health care stocks moving on news:

(-) Teva Pharmaceutical Industries ( TEVA ) dropped 7% on Wednesday after the Israeli generic drug maker reported non-GAAP Q4 net income of $0.53 per share, down from $0.93 per share during the final three months of 2017 and trailing the Capital IQ consensus by $0.02 per share.

In other sector news:

(+) Exelixis ( EXEL ) was nearly 2% higher after reporting an increase in adjusted Q4 net income to $0.37 from $0.12 per share during the year-ago period and cruising past the $0.23 per share Street view.

(-) Natus Medical ( BABY ) slid 13% after the medical device company reported lower-than-expected net income and issued Q1 and FY19 outlooks also lagging Wall Street forecasts. Excluding one-time items, Natus earned $0.43 per share, up from $0.42 per share during the year-ago period but trailing the Capital IQ consensus by $0.06 per share.

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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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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