SAN DIEGO (AP) — SAN DIEGO (AP) — QuidelOrtho Corporation (QDEL) on Wednesday reported a loss of $733 million in its third quarter.
The San Diego-based company said it had a loss of $10.78 per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The medical diagnostics company posted revenue of $699.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $664.7 million.
QuidelOrtho expects full-year earnings in the range of $2 to $2.15 per share, with revenue in the range of $2.68 billion to $2.74 billion.
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