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Stock impact report

OPK Stock Gains Following Q3 Earnings Beat, Gross Margin Contracts [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
OPKO Health registered revenues of $173.6 million in the third quarter, down 2.8% year over year. The figure missed the Zacks Consensus Estimate by 4.3%. Lower revenues from products and services dragged the overall top line. Shares of this company gained nearly 4.1% in yesterday's after-hours trading. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. OPKO Health manages its operations through two reportable segments – Diagnostics and Pharmaceuticals. Within the Diagnostics arm, revenues from services amounted to $121.3 million in the reported quarter, down 7.9% year over year. This was primarily due to lower clinical test volume, principally resulting from the Labcorp transaction and a reduction in reimbursement rates. This compares to our projection of $128.2 million from services revenues in the third quarter. Within the Pharmaceuticals arm, revenues from products declined 3.8% to $39.1 million, reflecting lower Rayaldee sales and foreign currency Show less Read more
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