RTTNews | Aug 4, 2021 12:04PM EDT

12:03 Wednesday, August 4, 2021 (RTTNews.com) - Shares of medical device company OraSure Technologies, Inc. (OSUR) are down more than 8 percent on Wednesday's trading even as the company posted narrower loss in the second quarter but missed estimates.

For the three-month period, the company posted net loss of $1.4 million or $0.02 per share, compared to net loss of $10.5 million or $0.16 per share for the same period last year. On average, 6 analysts polled by Thomson Reuters expected the company to post earnings of $0.04 per share in the quarter. Analysts' estimates, usually, exclude one-time items.

Revenues for the quarter rose 97 percent to $57.6 million from $29.3 million a year ago, while analysts were looking for revenues of $56.7 million in the period.

Currently trading at $11.34, on a volume of 1,019,267. The stock has traded between $8.58 and $19.75 during the past 52 weeks.

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