NasdaqGS:OPKHealthcare
OPKO Health (OPK) Stock Jumps As Losses Shrink And Pipeline Progress Builds
OPKO Health just shocked the tape. The stock jumped about 33% to roughly US$1.65 in Tuesday trading, even though the company is still loss making. The real headline is the size of the earnings reset in a single quarter. Net loss narrowed to US$8.4 million on revenue of US$163.6 million, after a much deeper loss three months ago. For a biotech that has been priced as an expensive work in progress, that kind of operating improvement is what traders seized on first. The rest of the earnings...