MIAMI (AP) _ Opko Health Inc. (OPK) on Wednesday reported first-quarter net income of $31.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Miami-based company said it had net income of 5 cents.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The holding company with investments in pharmaceutical and diagnostics companies posted revenue of $545.2 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $503 million.
In the final minutes of trading on Wednesday, the company's shares hit $4.16. A year ago, they were trading at $2.17.
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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