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Quidel Corp (QDEL) Misses Q1 EPS by 10c, Revenues Miss

May 8, 2019 4:44 PM

Quidel Corp (NASDAQ: QDEL) reported Q1 EPS of $0.91, $0.10 worse than the analyst estimate of $1.01. Revenue for the quarter came in at $148 million versus the consensus estimate of $155.19 million.

“In Q1 of this year, we benefited significantly from the respiratory disease season, delivering the second-largest quarter for influenza revenue in the company\'s history after Q1 of 2018. Cardiovascular revenue, at $68 million on a constant currency basis, was well within the $64 million to $69 million that we suggested for the early quarters of 2019,” said Douglas Bryant, president and CEO of Quidel Corporation. “With Q1 now behind us, we believe that a 2019 revenue target of $535 million on a constant currency basis seems appropriate.”

For earnings history and earnings-related data on Quidel Corp (QDEL) click here.

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