QuidelOrtho: Fourth Quarter Financial Highlights

QuidelOrtho Reports Fourth Quarter Financial Results

QuidelOrtho Corporation, headquartered in San Diego, announced a net loss of $130.7 million for the fourth quarter.

The company reported a loss of $1.92 per share for the quarter. When excluding one-time charges and amortization, adjusted earnings stood at 46 cents per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had predicted earnings of 43 cents per share.

QuidelOrtho’s revenue for the quarter reached $723.6 million, exceeding the anticipated $698.3 million projected by analysts surveyed by Zacks.

For the full year, the company recorded a total loss of $1.13 billion, or $16.69 per share, with annual revenue totaling $2.73 billion.

Looking ahead, QuidelOrtho forecasts its earnings for the coming year to fall between $2 and $2.42 per share, with projected revenue ranging from $2.7 billion to $2.9 billion.

Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.