QuidelOrtho Q2 EPS $0.26 Beats $0.25 Estimate, Sales $665.10M Beat $619.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuidelOrtho (NASDAQ:QDEL) reported Q2 earnings of $0.26 per share, beating the analyst consensus estimate of $0.25 by 4%. However, this is a 88.89% decrease from the same period last year. The company also reported quarterly sales of $665.10 million, beating the analyst consensus estimate of $619.84 million by 7.30%, marking an 8.43% increase from the same period last year.
August 08, 2023 | 9:00 pm
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NEUTRAL IMPACT
QuidelOrtho's Q2 earnings beat estimates but are significantly down YoY. Sales beat estimates and are up YoY.
While QuidelOrtho beat earnings and sales estimates, the significant YoY decrease in earnings could potentially concern investors. However, the increase in sales YoY is a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100