Health Care Sector Update for 01/24/2023: DHR, JNJ, ALVO, IBB, XLV

Health care stocks were flat to lower pre-bell Tuesday. The iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was recently down 0.5%.

Danaher (DHR) reported Q4 adjusted earnings of $2.87 per diluted share, up from $2.69 per share a year earlier. Analysts polled by Capital IQ projected adjusted EPS of $2.55. Danaher was slipping 3.5% recently.

Johnson & Johnson (JNJ) reported Q4 adjusted earnings of $2.35 per diluted share, up from adjusted earnings of $2.13 per share a year earlier. Analysts polled by Capital IQ expected adjusted earnings of $2.24 per share. Johnson & Johnson was recently down 1.4%.