=Opko Health (OPK) reported earnings on Fri 9 Nov 2018 (a/h)

Opko Health beats by $0.01, misses on revs

• Reports Q3 (Sep) loss of $0.05 per share, $0.01 better than the two analyst estimate of ($0.06); revenues rose 1.6% year/year to $250 mln vs the $264.04 mln S&P Capital IQ Consensus, including $5.8 million from RAYALDEE; revenues from services were $202.8 million for the 2018 period compared with $200.9 million last year.

MIAMI (AP) _ Opko Health Inc. (OPK) on Friday reported a loss of $27.7 million in its third quarter.

The Miami-based company said it had a loss of 5 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $249.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $262.5 million.

In the final minutes of trading on Friday, the company's shares hit $3.11. A year ago, they were trading at $5.42.