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Health Care Sector Update for 10/06/2015: ILMN,WGBS,EXAS

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Health care stocks were sharply lower today, with the NYSE Health Care Index retreating almost 2.4% while shares of health care companies in the S&P 500 were down nearly 3.2% as a group.

In company news, Illumina Inc. ( ILMN ) shares fell to a 21-month low on Tuesday after the genetic testing company forecast Q3 and Q4 revenue trailing analyst expectations.

Revenue for the three months that ended Sept. 30 is seen coming in around $550 million, up from $480.3 million during the year-ago period but still lagging the Capital IQ consensus looking for $567.37 million. For the three months ending in December, it is projecting around $570 million in revenue compared with the $601.13 million consensus view.

The company will report its full Q3 financials and update its GAAP and non-GAAP EPS for the current quarter on Oct 20.

ILMN shares were down almost 12% at $143.80 each, earlier sinking to their lowest share price since January 2014 at $130.00 a share.

In other sector news,

(+) WGBS, (+27.0%) Announces commercial launch and presentation of data from its ICELL8 Single-Cell System at the American Society of Human Genetics annual meeting.

(-) EXAS, (-45.7%) U.S. Preventive Services Task Force issues draft recommendation for colon cancer screenings that doesn't include the copany's Cologuard stool-based DNA screening test.

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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