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Comments Twenty-five healthcare firms reported their earnings in the week ended August 31, bringing the sector’s overall reporting progress to 60% so far this quarter. This week, the Health Care Select Sector SPDR Fund ETF (XLV) declined 1.41%. On a Quick Insights Most healthcare firms beat both earnings and revenue estimates, with 94% surpassing earnings forecasts and 88.8% exceeding revenue expectations. AbbVie and UnitedHealth both beat Q3 expectations and raised full-year earnings guidance, but AbbVie's new forecast is still below consensus. XLV is up nearly 6% quarter-to-date, but it is lagging the S&P 500 index returns. Recommended For You More Trending News
