U.S. Markets open in 8 hrs 48 mins

OPKO Health reports 4Q loss

MIAMI (AP) _ Opko Health Inc. (OPK) on Wednesday reported a fourth-quarter loss of $13.7 million, after reporting a profit in the same period a year earlier.

The Miami-based company said it had a loss of 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $275.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $305 million.

For the year, the company reported that its loss narrowed to $25.1 million, or 5 cents per share. Revenue was reported as $1.22 billion.

OPKO Health shares have decreased 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.37, a decrease of 10 percent in the last 12 months.


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


Keywords: OPKO Health, Earnings Report