OPKO Health: 2Q Earnings Snapshot
MIAMI (AP) _ Opko Health Inc. (OPK) on Tuesday reported a loss of $6.2 million in its second quarter.
On a per-share basis, the Miami-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, were 4 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $263.7 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $260.4 million.
OPKO Health shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.62, a fall of 11 percent in the last 12 months.