09:23 AM EDT, 07/24/2024 (MT Newswires) -- Health care stocks were leaning lower premarket Wednesday as the Health Care Select Sector SPDR Fund ( XLV ) was down 0.1% and the iShares Biotechnology ETF ( IBB ) was declining by 0.4% recently.

Tenet Healthcare ( THC ) was up over 5% after it reported higher Q2 adjusted earnings and net operating revenue. The company also raised its full-year outlook for adjusted earnings and net operating revenue.

Alkermes ( ALKS ) was 4% higher after it reported Q2 adjusted earnings of $0.70 per diluted share, up from $0.55 a year earlier.

Thermo Fisher Scientific ( TMO ) declined by over 2% after it reported a fiscal Q2 revenue of $10.54 billion, down from $10.69 billion a year earlier.