AP NEWS

OPKO Health: 3Q Earnings Snapshot

November 9, 2018

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OPK at https://www.zacks.com/ap/OPK

AP RADIO
Update hourly