Johnson & Johnson (NYSE:JNJ) dropped 1.79% to $62.72. The company reported a higher third-quarter profit, although sales came in slightly below those of the same quarter in 2009. J&J said it earned $3.42 billion, or $1.23 a share, compared with $3.35 billion, $1.20 a share, for the prior year's quarter.
A poll of analysts by FactSet Research estimated that J&J would post earnings of $1.15 a share, on revenue of $15.24 billion.
Over the past 52-week, the stock traded within the range of $56.86-$66.20. The stock went down more than 3% year-to-date.
Boston Scientific Corporation (NYSE:BSX) went down 2.26% to $6.06. The company is projected to post earnings of 6 cents a share in the third quarter, according to analysts surveyed by FactSet.
The stock opened at $6.16 and is trading within the range of $6.05-$6.20.
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties, including cardiac rhythm management, electrophysiology, interventional cardiology, peripheral interventions, neurovascular, endoscopy, urology, women’s health and neuromodulation.
UnitedHealth Group Inc. (NYSE:UNH) lost 2.07% to $35.50. The company reported third-quarter net income rose 23% on 9.1% higher revenue. Earnings reached $1.28 billion, or $1.14 a share, from $1.04 billion, or 89 cents, in the year-earlier period.
A survey of analysts by FactSet produced consensus estimates of 83 cents of profit on $23.27 billion of revenue.
At current market price, the market capitalization of the company stands at $39.91 billion.
EMC Corporation (NYSE:EMC) declined 1.35% to $20.52. The company said that its third quarter net income rose to $472.52 million, or 22 cents per share, from $298.18 million, or 14 cents per share, in the prior-year quarter.
Revenues increased to $4.21 billion from $3.52 billion. Analysts, on average, expect the company to report earnings of 30 cents per share on revenue of $4.15 billion.
Article published by Wall Street Grand. Visit the Wall Street Grand Club today.
Disclaimer:
For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html
