QuidelOrtho: Q1 Earnings Insights

QuidelOrtho QDEL reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

QuidelOrtho beat estimated earnings by 20.81%, reporting an EPS of $1.8 versus an estimate of $1.49.

Revenue was down $155.90 million from the same period last year.

Last quarter the company beat on EPS by $0.33 which was followed by a 5.66% increase in the share price the next day.

Here's a look at QuidelOrtho's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.43	0.74	3.07	9.89
EPS Actual	1.76	1.85	2.34	11.66
Revenue Estimate	772.80M	719.60M	565.80M	890.99M
Revenue Actual	866.50M	783.80M	613.40M	1.00B

To track all earnings releases for QuidelOrtho visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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