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Stock impact report

OPKO Health's (OPK) Q1 Earnings Miss Estimates, Sales Down Y/Y [Yahoo! Finance]

Opko Health, Inc. (OPK) 
Last opko health, inc. earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.opko.com
Company Research Source: Yahoo! Finance
The figure missed the Zacks Consensus Estimate of a loss of 9 cents per share by 33.3%. Revenues in Detail OPKO Health registered sales of $173.7 million, down 26.9% year over year. The figure missed the Zacks Consensus Estimate by 5%. Lower revenues from the transfer of intellectual property and others dragged the overall top line. Segmental Revenues OPKO Health manages its operations through two reportable segments, Diagnostics and Pharmaceuticals. Within the Diagnostics arm, revenues from services amounted to $126.9 million, down 4.2% year over year, primarily resulting from lower clinical test volume. This compares with our projection of $126.1 million from services revenues. The company entered into an agreement with Labcorp earlier this year to divest select assets of BioReference Health, which includes laboratory testing businesses focused on clinical diagnostics and women's health for $237.5 million. The transaction is expected to close in the second half of 2024 Show less Read more
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