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Quidel: 2Q Earnings Snapshot

August 8, 2019

SAN DIEGO (AP) _ Quidel Corp. (QDEL) on Thursday reported second-quarter net income of $1.3 million, after reporting a loss in the same period a year earlier.

The San Diego-based company said it had net income of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share.

The medical diagnostics company posted revenue of $108.3 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $108 million.

Quidel shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.29, a drop of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QDEL at https://www.zacks.com/ap/QDEL

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