CRL Crosses Below Key Moving Average Level Wednesday, December 12, 11:22 AM ET, by Market News Video Staff In trading on Wednesday, shares of Charles River Laboratories International Inc. (CRL) crossed below their ...
Health Services Providers Medco, Tenet Post Earnings
By Market News Video Staff, Tuesday, November 2, 10:48 AM ET
Prescription services provider Medco Health Solutions (MHS) posted earnings today that fell short of analyst expectations, with an outlook that was about in-line with estimates. Shares are trading up 6.4%.
Also today, healthcare services provider Tenet Healthcare (NYSE:THC) said it swung to a profit, although its adjusted loss of $0.01 per share fell short of analyst expectations.
The company hiked the low end of its full-year profit forecast. Tenet Healthcare shares are trading down 4%.
Medco is the #2 holding in the Dynamic Healthcare Services Portfolio (PTJ), at 5.2% of the total holdings, and the ETF includes 2.6% Tenet stock as well. That ETF is trading up 1.5%.
The Dynamic Healthcare Sector Portfolio (AMEX:PTH) also contains both stocks, made up of 5.6% Medco and 1.3% Tenet. It is trading higher by 1.4% Tuesday.
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