QuidelOrtho: Q3 Earnings Snapshot

SAN DIEGO (AP) — SAN DIEGO (AP) — QuidelOrtho Corporation (QDEL) on Wednesday reported a loss of $12.7 million in its third quarter.

On a per-share basis, the San Diego-based company said it had a loss of 19 cents. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The medical diagnostics company posted revenue of $744 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $651.2 million.

QuidelOrtho expects full-year earnings in the range of $4.85 to $5.30 per share, with revenue in the range of $2.88 billion to $3.08 billion.

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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