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Opko Health (OPK) Stock Higher After Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Opko Health (OPK) were increasing on heavy volume in mid-afternoon trading on Tuesday after the company reported higher-than-anticipated results for the 2016 second quarter.

After yesterday's closing bell, the Miami-based healthcare company posted earnings of 2 cents per diluted share, while analysts were expecting break-even earnings per share.

Revenue came in at $357.1 million for the period, surpassing Wall Street's estimates of $324.3 million.

"Our improved financial performance this quarter was fueled by continued growth in our diagnostics business...