MIAMI (AP) — MIAMI (AP) — Opko Health Inc. (OPK) on Thursday reported fourth-quarter net income of $14 million.
The Miami-based company said it had net income of 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $183.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $155.1 million.
For the year, the company reported a loss of $53.2 million, or 8 cents per share. Revenue was reported as $713.1 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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