were among the best-performing health-related stocks Tuesday, rising 19% after the company said that its Essure birth-control device has been approved for reimbursement by
"This is excellent news for women covered by UHC who will want to avail themselves of our non-incisional approach to permanent birth control," the company said. The reimbursement goes into effect immediately. Shares were trading up $1.29 to $8.05.
rose 2% after the company posted third-quarter earnings that beat Wall Street forecasts. The company, which manages psychiatric and physical rehab programs, earned $3.5 million, or 24 cents a share, on sales of $57.9 million. Analysts polled by Thomson First Call were expecting earnings of 23 cents a share on sales of $57.1 million. A year ago, the company earned $2.7 million, or 24 cents a share, on sales of $44.8 million. Looking ahead, Horizon forecast 2005 earnings of $1 to $1.02 a share, which excludes items. Analysts are expecting earnings of $1.01 a share. Shares were trading up 47 cents to $24.62.
fell 7% after the company warned that second-quarter earnings would fall short of expectations. Including a number of one-time items that totaled about 4 cents to 5 cents a share, the company expects to earn 41 cents to 43 cents a share during the second quarter. Analysts had been expecting earnings of 52 cents a share. The company said that cost management initiatives were not enough to offset revenue reductions that were caused by lower occupancy rates during the quarter. Shares were trading down $2.63 to $37.13.
rose 2% after the company turned in second-quarter results that topped forecasts. The biotech company earned $296.2 million, or 27 cents a share, on sales of $1.53 billion. Excluding items, the company would have earned $328.6 million, or 30 cents a share. Analysts were expecting earnings of 26 cents a share on sales of $1.49 billion. A year ago, the company reported pro forma earnings of $201.8 million, or 19 cents a share, on sales of $1.13 billion. Shares were trading up $1.39 to $84.89.
rose 8% after the company named Kevin Quinlan as chief financial officer. Quinlan fills the vacancy left by James O'Neill, who resigned in May. O'Neill had been named chief accounting and principal financial officer in October 2004 after the resignation of Anika's previous CFO, William Knight. Shares were recently trading up 85 cents to $12.09.
Other health-care volume movers included
, down 12 cents to $27;
, up 29 cents to $26.79;
, up 2 cents to $68.99;
, up 4 cents to $31.28;
, up 12 cents to $1.60;
, up 12 cents to $19.39;
Johnson & Johnson
, down 2 cents to $64.77;
, down 25 cents to $9.52;
, down 7 cents to $7.18; and
, down 10 cents to $24.84.