Health Care Sector Update for 11/26/2014: VEEV,BDX,MRGE

Top Health Care Stocks

JNJ +0.29%

PFE +1.04%

ABT +0.25%

MRK +0.69%

AMGN +1.03%

Health care stocks were mostly higher today with the NYSE Health Care Sector Index ahead about 0.5% and shares of health care companies in the S&P 500 gaining about 0.4% as a group.

In company news, Veeva Systems ( VEEV ) rallied Wednesday after the health care information services company posted better-than-expected Q3 financial results, also beating analyst projections with its Q4 and FY15 guidance.

During the three months ended Oct. 31, the company earned $10.2 million or $0.07 per share, up from a $6.4 million profit during the same quarter last year. Excluding one-time items, non-GAAP net income rose to $13.6 million or $0.09 per share, up from noon-GAAP net income of $7.6 million last year and beating the Capital IQ consensus by $0.01 per share. analyst estimate is for $0.08 EPS.

Revenue rose 52% over year-ago levels to $83.8 million, exceeding the Street view by around $4.83 million.

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Health Care Sector Update for 11/26/2014: VEEV,BDX,MRGE

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