OPKO Health: 3Q Earnings Snapshot
MIAMI (AP) _ Opko Health Inc. (OPK) on Friday reported a loss of $27.7 million in its third quarter.
The Miami-based company said it had a loss of 5 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $249.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $262.5 million.
In the final minutes of trading on Friday, the company’s shares hit $3.11. A year ago, they were trading at $5.42.