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OPKO Health: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

MIAMI (AP) _ Opko Health Inc. (OPK) on Wednesday reported a loss of $59.1 million in its first quarter.

The Miami-based company said it had a loss of 9 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 9 cents per share.

The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $211.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $215.9 million.

The company's shares closed at $2.34. A year ago, they were trading at $2.49.

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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