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Why Opko Health Stock Is Tanking Today

TheMotleyFool

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Shares of OPKO Health (NASDAQ: OPK) were plunging 18.5% as of 11:58 a.m. EDT on Friday. The company reported its third-quarter earnings results after the market closed on Thursday, and although OPKO beat the average analysts' revenue estimate, its earnings of $0.04 per share narrowly missed the consensus estimate of $0.05.

It might not make sense that OPKO's shares would fall so much on a small earnings miss. That's especially the case when the company's third-quarter revenue of $428.1 million blew away the average analysts' estimate of $376.4 million.

Images source: Getty Images.

Source Fool.com

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