1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Omar Venerio
Omar Venerio
Articles (1399) 

World Stocks Red Monday

OPKO Health advances on 3rd-quarter earnings and revenues

U.S. stocks retreated on Monday morning, ahead of the federal holiday. The Dow Jones Industrial Average fell almost 250 points, or 0.89% to 25,756, the S&P 500 index lost 0.81% to 2,758, and the Nasdaq Composite Index slid 1.55% to 7,285.

Shares of OPKO Health Inc. (NASDAQ:OPK) gained more than 16% on Monday after the company posted a third-quarter loss per share of 5 cents on revenue of $249.8 billion, reflecting 1.5% year-over-year growth. The company beat earnings estimates by 2 cents but fell short on revenue expectations by $14.24 million.

The costs of revenue and selling, general and administrative expenses decreased by 8%, or $19.5 million, compared to the 2017 period. R&D expenses were $30.2 million compared to $32.5 million.

Gainers

• NRG Energy Inc. (NYSE:NRG)

• Conagra Brands Inc. (NYSE:CAG)

• Coty Inc. (NYSE:COTY)

• Dominion Energy Inc. (NYSE:D)

• Xcel Energy Inc. (NASDAQ:XEL)

Losers

• Edison International (NYSE:EIX)

• Advanced Micro Devices Inc. (NASDAQ:AMD)

• Qorvo Inc. (NASDAQ:QRVO)

• General Electric Co. (NYSE:GE)

Markets

The main European stock markets traded lower. The U.K.'s FTSE 100 fell 0.40%, France's CAC 40 lost 0.63%, Germany's Dax dipped 1.50% and Spain's Ibex 35 retreated 0.26%.

In Asia, Japan's Nikkei 225 jumped 0.09%, India’s BSE Sensex lost 0.98%, Hong Kong's Hang Seng advanced 0.12% and China's Shanghai Composite rose 1.22%.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Omar Venerio


User Generated Screeners


consciousinvestor311higher debt expensive
DANGORDONBOOK VALUE GROWTH RATE
doniemaherScreen #35 - ROC>25%, Div>3%
DANGORDON1-21-19 P/E<14
efredbac10yr Low PE
mathew94Insider Buys
cspunarJuniors 21Jan19
daftheaderasian growth plus dividend
DANGORDONTECH COS RATE OF RETURN
DANGORDONRETAIL COS RATE OF RETURN
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK