Why Opko Health Stock Surged by 33% on Tuesday
It posted a beat-and-raise second quarter.
Overview
Opko Health (NASDAQ: OPK) was one of the healthier stocks on the exchange Tuesday. Its price zoomed more than 33% higher, on the back of a very well-received quarterly earnings report that beat on both trailing results and annual guidance.
Opko took the wraps off its second-quarter numbers just after market close on Monday. For the period, the company's revenue ticked 4% higher year over year to $163.5 million. It also managed to substantially narrow its headline net loss to $8.4 million ($0.01 per share) from the year-ago deficit of more than $148 million.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.