Why OraSure Technologies Stock Is Jumping Today
Shares of OraSure Technologies (NASDAQ: OSUR), a medical devices company that makes diagnostic testing kits, were jumping 12.5% higher as of 3:28 p.m. ET on Wednesday. OraSure announced net revenue in the fourth quarter of $123.1 million, up 94% year over year. The company recorded earnings of nearly $15.6 million, or $0.21 per share, based on generally accepted accounting principles (GAAP).