QuidelOrtho Q4 Adj EPS $1.17 Misses $2.05 Estimate, Sales $742.60M Miss $796.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuidelOrtho (NASDAQ:QDEL) reported Q4 adjusted EPS of $1.17, missing the $2.05 estimate, and sales of $742.60M, missing the $796.91M estimate. This represents a 33.52% decrease in earnings and a 14.30% decrease in sales from the same period last year.
February 13, 2024 | 9:08 pm
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NEGATIVE IMPACT
QuidelOrtho's Q4 earnings and sales missed estimates, with a significant decrease in both earnings and sales compared to last year.
The significant miss in both earnings per share and sales estimates, coupled with the year-over-year decline in these metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100