EdgeWater 10/20/2010 11:22:34 PM
News / Business

Drug Stock Movers in Morning Session (ISRG, BSX, JNJ, UNH)

Drug Stock Movers in Morning Session

Intuitive Surgical, Inc. (NASDAQ:ISRG) plunged 7.02% to $259.46. The company reported late Tuesday that its third-quarter net income jumped to $86.6 million or $2.14 a share, from $64.5 million, or $1.64 a share, in the comparable quarter last year. Revenue rose 23% to $344 million.

Analysts, on average, expected the company to report earnings of $2.10 per share on revenue of $349.50 million.

Boston Scientific Corporation (NYSE:BSX) went up 6.20% to $6.34. The company reported it swung to a third-quarter profit of $190 million, or 12 cents a share, from a loss of $94 million, or 6 cents a share, in the year-earlier period. On an adjusted basis, the company earned 19 cents a share in the latest quarter.

Analysts, on average, expected the company to report earnings of 6 cents per share on revenue of $1.91 billion.

The stock opened at $6.19 and is trading within the range of $5.95-$6.65.

Johnson & Johnson (NYSE:JNJ) added 0.92% to $63.87. 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 1% year-to-date.

UnitedHealth Group Inc. (NYSE:UNH) jumped 2.69% to $36.25. 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 $40.75 billion.

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