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OPKO Health: 3Q Earnings Snapshot

·1 min read

MIAMI (AP) _ Opko Health Inc. (OPK) on Thursday reported third-quarter net income of $23.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Miami-based company said it had profit of 4 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $428.1 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $375.3 million.

In the final minutes of trading on Thursday, the company's shares hit $4.20. A year ago, they were trading at $1.46.

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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