QuidelOrtho Reports Q4 Loss, Beats Estimates
SAN DIEGO (AP) - QuidelOrtho Corporation (QDEL) announced a $153.4 million loss in its fourth quarter. On a per-share basis, the San Diego-based company reported a loss of $2.28.
Excluding one-time items, earnings amounted to 63 cents per share, exceeding analysts' expectations. The Zacks Investment Research consensus forecast projected earnings of 55 cents per share.
QuidelOrtho also surpassed revenue estimates, generating $707.8 million in the quarter. Analysts polled by Zacks had anticipated $702.3 million.
For the full year, the company reported a loss of $2.03 billion, or $30.16 per share. Revenue totaled $2.78 billion.
Looking ahead, QuidelOrtho projects full-year earnings between $2.07 and $2.57 per share and revenue in the range of $2.6 billion to $2.81 billion.