Top Health Care Stocks <\/p>\n
JNJ +0.11% <\/p>\n
PFE +0.17% <\/p>\n
ABT +0.58% <\/p>\n
MRK +1.36% <\/p>\n
AMGN -0.07% <\/p>\n
Health care stocks were mostly higher, with the NYSE Health Care Sector Index adding about 0.5% and shares of health care companies in the S&P 500 ahead about 0.4% as a group. <\/p>\n
In company news, Portola Pharmaceuticals ( PTLA ) was see-sawing between small losses and gains, bouncing back from a steeper decline earlier Tuesday after the biotech company reported below-consensus revenue during its July-to-September quarter while its per-share earnings topped analyst estimates. <\/p>\n
The company reported a $35.8 million, or $0.86 per share, net loss, almost double its $18.6 million net loss last year but still beating the Capital IQ consensus by $0.06 per share. <\/p>\n
Revenue fell 14.3% compared with the same quarter last year to $2.4 million as collaboration income from PTLA's work with Bristol-Myers Squibb Company ( BMY ) and Pfizer ( PFE ), Bayer Pharma and Janssen Pharmaceuticals, Daiichi Sankyo and Lee's Pharmaceuticals slid $400,000 from last year. The Street was looking for $2.63 million in reveneue. <\/p>\n
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Health Care Sector Update for 11\/11\/2014: PTLA, ICUI, ENZY, BMY, PFE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Top Health Care Stocks JNJ +0.11% PFE +0.17% ABT +0.58% MRK +1.36% AMGN -0.07% Health care stocks were mostly higher, with the NYSE Health Care Sector Index adding about 0.5% and shares of health care companies in the S&P 500 ahead about 0.4% as a group. In company news, Portola Pharmaceuticals ( PTLA ) was see-sawing between small losses and gains, bouncing back from a steeper decline earlier Tuesday after the biotech company reported below-consensus revenue during its July-to-September quarter while its per-share earnings topped analyst estimates Continue reading