Here's Why OPKO Health Shares Tumbled 16.7% Today
After reporting a year-over-year decline in revenue that was worse than industry watchers expected, OPKO Health (NASDAQ: OPK) saw its shares fall 16.7% on Thursday.
Although the healthcare company is benefiting from significant demand for COVID-19 tests, rising demand in the final weeks of the first quarter wasn't enough to offset declining demand for lab services caused by widespread shelter-in-place orders that reduced visits to primary- and specialty-care doctors.
Image source: Getty Images.
Source Fool.com
