QuidelOrtho Shares Rise 9% On Better-than-expected Q1 Prel. Revenue

On:

Shares of QuidelOrtho Corporation (QDEL), a diagnostic testing technologies and solutions provider, are rising more than 9% Thursday morning after the company reported preliminary first-quarter revenue, above analysts’ view.

The company expects revenue in the first quarter to be in the range of $840 million to $850 million, driven by strong results in its Labs business as well as better-than-expected results in the Point of Care business.

On average 8 analysts polled by Thomson-Reuters are expecting revenue of $746.75 million for the quarter.

First-quarter results are scheduled to be reported on May 3.

Source: Read Full Article

Lates News:
  1. Bitcoin’s Mining Reserves Plunge To 12-Year Low — What This Means For BTC Price
  2. Palo Alto Networks Shares Rise On Improved Q4 Results, Outlook
  3. Here’s The Crucial Silver Lining To Tesla’s Bombshell $936 Million Bitcoin Sale
  4. Dollar Tree Falls On Lower Quarterly Profit, Outlook Shy Of Estimates
  5. $BTC Is Up 25% Since Peter Schiff Said It Was ‘Time To Drop Bitcoin’