Drug/Biotech Stocks Nov 5 Earnings Roster: AGN, REGN & More

The Medical sector (comprises pharma/biotech and medical device companies) has performed well so far in the third-quarter reporting cycle. Per the Earnings Trends report, as of Oct 31, 67.9% of total companies in the Medical sector, constituting nearly 79.7% of the sector’s market capitalization, reported earnings. Out of these, 80.6% beat on earnings and 86.1% surpassed revenue estimates, resulting in a blended beat of 72.2%. Earnings are up 7.1% year over year and sales are up 8.2% year over year.