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OPKO Health: Q1 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Opko Health Inc. (OPK) on Tuesday reported a loss of $54.8 million in its first quarter.

The Miami-based company said it had a loss of 7 cents per share.

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

The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $124.2 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $130.6 million.

For the current quarter ending in June, OPKO Health said it expects revenue in the range of $127 million to $132 million.

The company expects full-year revenue in the range of $530 million to $560 million.

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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

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