QuidelOrtho (NASDAQ: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.
Earnings
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.
Past Earnings Performance
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.
