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OraSure: 3Q Earnings Snapshot

·1 min read

BETHLEHEM, Pa. (AP) _ OraSure Technologies Inc. (OSUR) on Wednesday reported third-quarter profit of $1 million.

The Bethlehem, Pennsylvania-based company said it had net income of 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The diagnostic test maker posted revenue of $48 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $43.1 million.

For the current quarter ending in December, OraSure said it expects revenue in the range of $55 million to $60 million.

OraSure shares have climbed 84% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.78, a rise of 68% in the last 12 months.

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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 OSUR at https://www.zacks.com/ap/OSUR