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Health Care Sector Update for 07/28/2016: JNJ, PFE, ABT, MRK, AMGN, ACOR, BMY

Top Health-care stocks:

JNJ: -0.1%

PFE: -0.6%%

ABT: +1.2%

MRK: -0.5%

AMGN: -0.2

Health care shares were mostly lower at session's half Thursday.

In health care stocks news, Bristol-Myers Squibb ( BMY ) was down 2% after reporting Q2 adjusted EPS of $0.69, three cents above street view as compiled by Capital IQ, and up from $0.53 reported a year earlier. The company posted Q2 revenues of $4.87 billion, above the street consensus of $4.66 billion, and above the $4.16 billion reported a year earlier. In guidance, Bristol-Myers said it is "increasing its non-GAAP EPS guidance range (for full-year 2016) from $2.50 to $2.60 to $2.55 to $2.65."

And, Acorda Therapeutics ( ACOR ) was down 6.9% after the company reported non-GAAP earnings of $0.07 per share, down from $0.31 a year ago and missing the $0.24 average estimate compiled by Capital IQ by a large margin. Revenue rose to $127.5 million from $113.7 million, but nevertheless were shy of the $129.8 million consensus.

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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