Quidel Reports Third Quarter 2020 Financial Results

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Quidel Corp (QDEL) Tops Q3 EPS by $1.03, Revenues Beat

October 29, 2020 4:53 PM EDT

Quidel Corp (NASDAQ: QDEL) reported Q3 EPS of $5.78, $1.03 better than the analyst estimate of $4.75. Revenue for the quarter came in at $476.1 million versus the consensus estimate of $450.39 million.

Third Quarter 2020 Highlights

Total revenue increased 276% to $476.1 million, from $126.5 million in the third quarter of 2019.Total sales of COVID-19 products were $375.7 million.Reported GAAP EPS of $5.33 per diluted share in the third quarter of... More