QuidelOrtho: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 02:14 AM ET
Last Updated - Aug 01, 2024, 02:14 AM EDT
SAN DIEGO (AP) — SAN DIEGO (AP) — QuidelOrtho Corporation (QDEL) on Wednesday reported a loss of $147.7 million in its second quarter.
On a per-share basis, the San Diego-based company said it had a loss of $2.20. Losses, adjusted for one-time gains and costs, came to 7 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The medical diagnostics company posted revenue of $637 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $617.3 million.
