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Why Opko Health Shares Shriveled by Nearly 8% on Friday

·2 min read
Why Opko Health Shares Shriveled by Nearly 8% on Friday
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The stock of Opko Health (NASDAQ: OPK) didn't have its healthiest day on Friday, falling by 7.8% in the wake of the company's latest earnings report. For its second quarter, Opko Health posted $442.4 million in revenue, nearly 47% higher on a year-over-year basis. Largely on the basis of those testing products, however, analysts were collectively expecting nearly $456.4 million on the top line.