Sector Update: Health Care-May 2024-www.financetom.com

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Sector Update: Health Care

Oct 30, 2024 10:13 PM

08:55 AM EDT, 10/30/2024 (MT Newswires) -- Health care stocks were declining premarket Wednesday with the iShares Biotechnology ETF (IBB) slightly lower and the Health Care Select Sector SPDR Fund (XLV) down 1.4% recently.

Eli Lilly ( LLY ) shares fell by over 10% after the company reported Q3 non-GAAP earnings and revenue that missed analysts' expectations. The company also lowered its full-year 2024 non-GAAP earnings per share guidance.

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