Healthcare Sector Report: February 11th, 2011

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How is Healthcare Sector Report: February 11th, 2011

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Labcorp. Healthcare shares are mixed, and not showing much volatility. Novartis (NVS) shares are down slightly pre-bell. The company and its Sandoz unit is trying to stop its anesthetic used in lethal injections in the US from being sold in the country. Novartis and Sandoz advised all of its subsidiaries with locally approved marketing authorizations for sodium thiopental to not sell the product to distributors or third parties that may be selling it into the US LabCorp (LH) was up slightly in after-market trade. The company's 2010 Q4 profit slipped 7.6%. The company posted net earnings of 1.8 mln, or .26 EPS, compared with 2.7 mln, or .33 EPS. Excluding one-time charges, the company earned .34 EPS, ahead of average analyst estimates polled by Thomson Reuters of .31. Revenue for the clinical laboratory was .29 bln, up 11.2% from .17 bln a year ago, narrowly beating the Street's view of .25 bln.

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