Johnson & Johnson (NYSE:JNJ) slid
0.89% to $63.29. 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 had traded within the range of $56.86-$66.20.
King Pharmaceuticals, Inc. (NYSE:KG)
went
down 0.14% to $14.16 after the stock made its fresh 52-week high of $14.18.
Over
the past five trading sessions, the stock went up more than 37%. At today`s
closing market price, the market capitalization of the company stands at $3.54 billion.
Pfizer Inc. (NYSE:PFE) fell
2.30% to $17.39 on unusual volumes. Dow Jones reported that Pfizer is in
advanced talks to acquire control of Brazilian generic drugs manufacturer
Teuto, local newspaper O Estado de S. Paulo reported. The company may announce
the deal in the next few days.
Over the past 52-week, the stock traded within
the range of $14-$20.36.
UnitedHealth Group Inc. (NYSE:UNH) lost 2.62%
to $35.30. 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 today`s
closing market price, the market capitalization of the company stands at $39.69
billion.
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