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:
-
Green Energy: Encomiums As Bitcoin Mining Goes Nuclear in the U.S.
-
Bearish Signals: Major Bitcoin Moves Spark Concerns for Recent Price Surge
-
What Morgan Stanley CEO James Gorman Thinks About Crypto
-
FuboTV Gains 9% In Pre-market On Increased Q3 Revenue Outlook
-
Crypto Analyst Who Said in July That His Long-Term Target for XRP Is $8-10 Explains Why He Just Spent 8 Bitcoins to Buy His Latest Watch