OraSure: Q1 Earnings Snapshot

BETHLEHEM, Pa. (AP) — BETHLEHEM, Pa. (AP) — OraSure Technologies Inc. (OSUR) on Wednesday reported a loss of $3.6 million in its first quarter.

The Bethlehem, Pennsylvania-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The diagnostic test maker posted revenue of $54.1 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $52.2 million.

For the current quarter ending in June, OraSure said it expects revenue in the range of $50 million to $55 million.


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

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