Markets were flat in midday trading as investors reviewed financial reports from the healthcare and technology sectors.
The S&P 500 was flat 2,144.26. The Dow Jones Industrial Average was flat to 18,206.17. The NASDAQ was down 0.1% to 5,242.69.
The yield on a 10-year Treasury bond was down 0.1% to 1.75%.
The price of gold was down 0.2% to $1,267.
HEALTH CARE
Irvine-based Edwards Lifesciences Corp. was up 0.9% to $118.76 and a $25.3 billion market cap. Zacks Equity Research expected the company to report higher third quarter earnings than analysts’ forecast of $143.5 million. The maker of products and treatments for heart disease has beaten analysts’ consensus forecasts by about 8% for the last four quarters, the investment firm said.
RESTAURANTS
Huntington Beach-based BJ’s Restaurant Inc. was down 3.4% to $34.47 and an $831.6 million market cap. The restaurant reported third quarter net income of $7.2 million on revenue of $233.7 million. The company’s earnings were down about 23% year-over-year and Chief Executive Greg Trojan said comparable stores’ sales declined 3.4%, most likely because of the Olympics and the presidential debates.
