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Sector Update: Health Care

05/11/2021 04:53

08:41 AM EDT, 05/11/2021 (MT Newswires) -- Health care stocks were down ahead of the market open on Tuesday. The Health Care SPDR (XLV) was down 0.71% while the iShares NASDAQ Biotechnology Index (IBB) was more than 2% lower recently.

In company news, Schrodinger (SDGR) was down by almost 8% after it booked no net earnings per diluted share in Q1 compared with a net loss of $0.34 per diluted share last year. It also reported revenue of $32.1 million in the March quarter, up from $26.2 million in the prior-year period.