Markets

Sector Update: Health Care

Health-care shares were flat to higher in pre-market trading Friday.

LifePoint Hospitals ( LPNT ) reported earnings and revenue that topped the Street view. Its earnings were $0.84 per share and revenue was $1.25 billion, whereas the Street expected $0.55 per share on $1.19 billion in revenue, according to Capital IQ estimates. LPNT was inactive pre-market.

IDEXX Laboratories ( IDXX ) reported better-than-expected financial results for Q2 and provided guidance for fiscal 2014 in line with Street estimates.

The provider of diagnostic and information technology-based products and services for pet healthcare posted Q2 earnings of $1.10 per share, compared with the prior-year period's $0.99 per share. Revenue was $390.12 million, up 11% from $352.58 million in the same quarter last year. IDXX flat pre-market with its Thursday close of $133.05, in a 52-week range of $92.09 to $137.68.

AbbVie ( ABBV ) was up 1.2% pre-market after the pharmaceuticals company reported Q2 adjusted EPS of $0.82, better than the analyst consensus of $0.76 per share on Capital IQ. Revenue was $4.926 billion, vs. expectations of $4.701 billion.

ABBV's Q2 sales growth was driven primarily by the continued strength of HUMIRA. Global HUMIRA sales increased 26.2%, or 25.4% on an operational basis, excluding the impact of foreign exchange rate fluctuations. Total company sales growth was also driven by strong growth from key products including Synthroid, Sevoflurane and Duodopa.

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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