MIAMI (AP) 鈥� MIAMI (AP) 鈥� Opko Health Inc. (OPK) on Tuesday reported a loss of $54.8 million in its first quarter.
The Miami-based company said it had a loss of 7 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $124.2 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $130.6 million.
For the current quarter ending in June, OPKO Health said it expects revenue in the range of $127 million to $132 million.
The company expects full-year revenue in the range of $530 million to $560 million.
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