QuidelOrtho Corp reports results for the quarter ended in September 30 - Earnings Summary

• QuidelOrtho Corp QDEL.OQ reported quarterly adjusted earnings of 85 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of eight analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 22 cents to 43 cents per share.

• Revenue fell 2.3% to $727.10 million from a year ago; analysts expected $642.10 million.

• QuidelOrtho Corp's reported EPS for the quarter was a loss of 30 cents​.

• The company reported a quarterly loss of $19.9 million.

• QuidelOrtho Corp shares had fallen by 12.4% this quarter and lost 45.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the advanced medical equipment & technology peer group is also "hold"

Wall Street's median 12-month price target for QuidelOrtho Corp is $58.50

This summary was machine generated from LSEG data November 8 at 05:17 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)