Top Health Care Stocks
Health care stocks continue their retreat this afternoon, with the NYSE Health Care Index set to finish with a 0.4% decline while shares of health care companies in the S&P 500 also were down about 0.3% as a group.
In company news, STRATA Skin Sciences Inc. ( SSKN ) slumped Friday, after the dermatology company reported a nearly 12-fold jump in revenue during the April-to-June period compared with the same quarter last year but still missing the lone analyst estimate for the quarter.
Revenue grew to $7.7 million during the three months ended June 30, rising from $600,000 in revenue during the year-ago period but missing the single-analyst call looking for $9.13 million in quarterly revenue. The company also earned $498,000, or $0.23 per share, reversing a $7.85 million net loss and beating the lone analyst call looking for a $0.10 per share net loss.
SSKN shares were down almost 10% in late trade at 65 cents apiece, previously sliding to a session low of 61 cents a share.
In other sector news,
(+) NBY, Narrows Q2 net loss to $0.36 per share from $1.84 per share loss last year, exceeding the single-analyst estimate expecting a $0.59 per share loss. Revenue almost doubles, rising 190% from year-ago levels to $2.7 mln, also beating the $1.8 mln analyst call.
(-) CXRX, Reports adjusted Q2 net income of $1.38 per share, missing the Capital IQ consensus by $0.02 per share. Revenue climbs 208% to $231.7 million, matching the $232.57 million analyst mean. Suspends quarterly dividend.
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