Recap: QuidelOrtho Q4 Earnings
Portfolio Pulse from Benzinga Insights
QuidelOrtho (NASDAQ:QDEL) reported Q4 earnings with an EPS of $1.17, missing estimates by 42.93% and a revenue decrease of $123.90 million from the previous year. Despite beating EPS estimates in the past three quarters, this quarter's miss and revenue decline could impact investor sentiment.
February 13, 2024 | 9:10 pm
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NEGATIVE IMPACT
QuidelOrtho reported a significant miss in Q4 earnings and a notable revenue decline from the previous year.
The substantial miss in EPS estimates and the decline in revenue compared to the previous year are likely to negatively impact investor sentiment towards QDEL in the short term. Historically, earnings performance has been a key driver of stock price movements, and the negative results could lead to a decrease in stock price, especially considering the company's previous positive performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100