OraSure Technologies (OSUR) Reports Q3 Loss, Tops Revenue Estimates
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OraSure Technologies (OSUR) reported a Q3 loss of $0.01 per share, which was better than the expected loss of $0.04 per share. This is a decrease from the $0.27 earnings per share reported a year ago.
November 07, 2024 | 12:15 am
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OraSure Technologies reported a smaller-than-expected loss for Q3, with a loss of $0.01 per share compared to the expected $0.04. This is a decline from last year's earnings of $0.27 per share.
The better-than-expected earnings report is likely to have a positive short-term impact on OSUR's stock price. Although the company reported a loss, it was smaller than anticipated, which often leads to a positive market reaction. The decline from last year's earnings is a concern but is overshadowed by the current quarter's performance relative to expectations.
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