MIAMI (AP) 鈥� MIAMI (AP) 鈥� Opko Health Inc. (OPK) on Monday reported a loss of $8.4 million in its second quarter.
The Miami-based company said it had a loss of 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $163.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $131.1 million.
For the current quarter ending in September, OPKO Health said it expects revenue in the range of $131 million to $142 million.
The company expects full-year revenue in the range of $560 million to $585 million.
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