MIAMI (AP) — MIAMI (AP) — Opko Health Inc. (OPK) on Thursday reported a loss of $31.3 million in its fourth quarter.
The Miami-based company said it had a loss of 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $148.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $138.1 million.
For the year, the company reported a loss of $225.7 million, or 30 cents per share. Revenue was reported as $606.9 million.
For the current quarter ending in March, OPKO Health said it expects revenue in the range of $125 million to $140 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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