Is This Why OraSure Technologies, Inc. Is Tanking Today?

Shares of OraSure Technologies (NASDAQ: OSUR), a healthcare company focused on diagnostic products and specimen-collection devices, dropped after the company reported third-quarter earnings. As of 1:45 p.m. EDT on Thursday, they were down 26%.

Here are the key takeaways from the company's third quarter:

CEO Douglas Michels stated that he was "pleased" with the company's results and offered investors the following commentary: "Sales of our molecular collections products during the quarter were particularly strong and our infectious disease business experienced strong growth compared to the prior year quarter. We continue to deliver on our strategic growth priorities and we expect our strong performance to continue into the fourth quarter."

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Source: Fool.com