QuidelOrtho Reports Third Quarter 2024 Financial Results
QuidelOrtho Corporation (QDEL)
Last quidelortho corporation earnings: 2/12 04:10 pm
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US:NASDAQ Investor Relations:
ir.quidel.com
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Source: Business Wire
? Company reinstates 2024 financial guidance ?? Drives cost-savings and growth initiatives ?? Strengthens leadership team and aligns organization for improved effectiveness ?Third Quarter 2024 Results and Recent Developments(all comparisons are to the prior year period)Reported revenue was $727 millionRecurring revenue1 was $598 million as reported with no significant change in constant currency, excluding COVID-19 and U.S. Donor Screening revenueLabs revenue grew 4% as reported and 5% in constant currencyGAAP operating expenses2 of $242 million decreased by $13 million; non-GAAP operating expenses of $232 million decreased by $17 million, reflecting ongoing implementation of cost efficienciesGAAP net loss margin was (3%); GAAP operating margin was 2%; adjusted EBITDA margin was 23.5%, an increase of 80 basis pointsGAAP net cash provided by operating activities was $118 million; adjusted free cash flow was $120 millionStrengthened leadership team with the addition of a new Chief Techn
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QDEL
News
- Does QuidelOrtho Corporation (QDEL) Have Healthy Long-Term Growth Prospects? [Yahoo! Finance]Yahoo! Finance
- Insider Buying: QuidelOrtho President Bought US$250k Of Shares [Yahoo! Finance]Yahoo! Finance
- QuidelOrtho Co. (NASDAQ: QDEL) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $50.00 price target on the stock, up previously from $44.00.MarketBeat
- QuidelOrtho Co. (NASDAQ: QDEL) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $43.00 price target on the stock.MarketBeat
- QuidelOrtho Announces Appointment of Two Independent Directors to its Board [Yahoo! Finance]Yahoo! Finance
QDEL
Earnings
- 11/7/24 - Beat
QDEL
Sec Filings
- 12/13/24 - Form 4
- 12/10/24 - Form 3
- 12/10/24 - Form 3
- QDEL's page on the SEC website