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. Rocket Lab USA Falls After Launch Failure Of Its 41st Mission
  2. $940 Million in Bitcoin Move off Coinbase, Fueling Speculation a Whale Is Accumulating $BTC
  3. Bitcoin ($BTC) Investors Should Be ‘Accumulating’ Before Rise to $150,000: Bloomberg Analyst
  4. Crawling Now, Sprinting Later: Analyst Foresees Major Bitcoin Rally
  5. Bloomberg Expert Analyst Explains Why A Fall To $10,000 Isn’t Bad For Bitcoin