OraSure Technologies Earnings: Here’s Why Shares are Up Now

OraSure Technologies Inc. (NASDAQ:OSUR) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.84%.

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OraSure Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.18 in the quarter versus EPS of $-0.07 in the year-earlier quarter.

Revenue: Rose 1.24% to $21.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: OraSure Technologies Inc. reported adjusted EPS loss of $0.18 per share. By that measure, the company met the mean analyst estimate of $-0.18. It beat the average revenue estimate of $20.82 million.

Quoting Management: “We are pleased to see the first quarter performance by our molecular collection systems business and the increasing sales of our OraQuick(NYSE:R) In-Home HIV test,” said Douglas A. Michels, President and Chief Executive Officer of OraSure Technologies, Inc. “We continue to refine our advertising and promotion strategies as we learn more about how consumers are responding to the availability of our In-Home HIV test.”

Key Stats (on next page)…

Revenue decreased 4.25% from $22.14 million in the previous quarter. EPS decreased to $-0.18 in the quarter versus EPS of $-0.11 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.12 to a loss $0.14. For the current year, the average estimate has moved down from a loss of $0.42 to a loss of $0.51 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)