Sector Update: Health Care Stocks Edge Higher Pre-Bell Monday-March 2024-www.financetom.com

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Sector Update: Health Care Stocks Edge Higher Pre-Bell Monday

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Sector Update: Health Care Stocks Edge Higher Pre-Bell Monday

Nov 3, 2024 12:38 PM

09:15 AM EDT, 10/28/2024 (MT Newswires) -- Health care stocks were edging higher pre-bell Monday with the Health Care Select Sector SPDR Fund ( XLV ) up 0.4% and the iShares Biotechnology ETF (IBB) advancing by 0.5% recently.

Royal Philips (PHG) shares fell by over 16% after the company reported flat Q3 adjusted earnings and lower sales during the period. The company also cut its full-year 2024 comparable sales growth outlook.

Procept BioRobotics ( PRCT ) shares rose 19% after the company reported a narrowed Q3 net loss as revenue increased during the period. The company also raised its 2024 revenue guidance.

Tyra Bioscience (TYRA) shares advanced by over 3% after the company said the US Food and Drug Administration cleared its Investigational New Drug application for TYRA-300 to treat children with achondroplasia.

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