Health Care Sector Update for 12/11/2014: LAKE,ABIO,MEIP

Top Health Care Stocks

JNJ +0.63%

PFE -0.13%

ABT +0.63%

MRK +0.45%

AMGN +1.32%

Health care stocks were higher this afternoon, with the NYSE Health Care Sector Index climbing about 0.8% and shares of health care companies in the S&P 500 ahead by 0.8% as a group.

In company news, Lakeland Industries ( LAKE ) stumbled Thursday after the maker of protective equipment for health care workers reported a wider Q3 net loss compared with the same quarter last year despite a substantial increase in revenue.

The company posted a fiscal Q3 loss of $2.5 million, or $0.42 per share, compared with a year-earlier loss of $1.8 million. Excluding one-time items, the adjusted net was $0.20 pr share compared with a $0.05 per share loss last year.

Sales grew 10% over year-ago levels to $25.1 million. No analyst estimates were available for comparison.

Read more here:

Health Care Sector Update for 12/11/2014: LAKE,ABIO,MEIP

Related Posts

Comments are closed.