Markets

Health Care Sector Update for 05/08/2019: INGN, NVTA, MCK, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: -0.01%

PFE: +0.22%

ABT: Flat

MRK: +0.12%

AMGN: -0.39%

Leading health care stocks were mixed in Wednesday's pre-market trading.

Stocks moving on news include:

(-) Inogen (INGN), which was slumping 31%. The company's Q1 sales rose 14.1% to $90.2 million from the year-ago period and topped the CapIQ mean for $89.69 million, while EPS of $0.24 missed expectations.

(-) Invitae (NVTA) was declining more than 21% even as its net loss narrowed to $0.47 per share in Q1, as expected in a Capital IQ poll, from $0.66 per share a year earlier.

(+) McKesson (MCK) was up 3% after it reported Q4 fiscal 2019 adjusted earnings per diluted share of $3.69, up from $3.49 during the year-ago quarter, and beating the Capital IQ consensus forecast of $3.66.

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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