Today's Health Winners and Losers
Shares of SFBC International (SFCC) were among the worst-performing health-related stocks Friday, slumping 16% after the drug-development services firm withdrew its 2006 guidance and delayed the release of its fourth-quarter earnings.
The company, which was scheduled to release earnings after the bell on Thursday, said it will now issue its earnings report after the market closes on March 8. "We are diligently working with our national valuation firm to complete the assessment of a substantial non-cash impairment charge that we expect to record in the fourth quarter of 2005, related to the significant decline in business at our Miami operations," the company said.
Shares of the company have been in freefall, dropping nearly 60%, since Bloomberg published a story on Nov. 2, raising ethical questions about SFBC's policy of warning test subjects of risks in medical studies. SFBC said it plans to discuss the impairment charge and update its 2006 guidance next week after it posts its results. Shares recently were trading down $3.64 to $18.65.
Adeza (ADZA) tumbled 12% after the maker of women's health products posted lower-than-anticipated fourth-quarter results and issued a weak 2006 sales guidance. The company earned $6.9 million, or 38 cents a share, on sales of $11.9 million. Excluding a one-time tax benefit, the company would have earned $2.1 million, or 11 cents a share.Analysts polled by Thomson First Call expected earnings of 12 cents a share and sales of $12 million. During the year-earlier period, the company earned $1.6 million, or 11 cents a share, on sales of $9.2 million. Looking ahead, Adeza forecast 2006 sales of $54 million to $57 million. Analysts project sales of $58.1 million. Shares were trading down $2.68 to $19.02. Shares of UnitedHealth Group (UNH) fell modestly after the health insurer issued some $3 billion in debt. "We are pleased with investor receptivity to this offering," the company said. "The tranches issued today further expand our investor base and allow us to continue to improve our overall match of liability durations with the assets of our businesses." The company issued a variety of debt, ranging from three-year floating-rate notes to 30-year fixed-rate notes. Shares recently traded at $57.39, down 19 cents.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV