QuidelOrtho Q3 Adj $0.90 Beats $0.46 Estimate, Sales $744.00M Beat $655.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuidelOrtho (NASDAQ:QDEL) reported Q3 earnings of $0.90 per share, beating the analyst consensus estimate of $0.46 by 95.65%. However, this is a 51.35% decrease from the same period last year. The company also reported quarterly sales of $744.00 million, beating the analyst consensus estimate of $655.33 million by 13.53%, but this is a 5.08% decrease from the same period last year.
November 01, 2023 | 8:58 pm
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QuidelOrtho's Q3 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertain short-term price movements.
QuidelOrtho's earnings beat estimates, which is typically a positive signal for the stock. However, the YoY decrease in both earnings and sales might concern investors, leading to potential uncertainty in the stock's short-term price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100