Quidel Corp (QDEL) Tops Q2 EPS by 16c, Beats on Revenue

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Go back to Quidel Corp (QDEL) Tops Q2 EPS by 16c, Beats on Revenue

QuidelOrtho Reports Second Quarter 2024 Financial Results

July 31, 2024 4:05 PM EDT

$100 million in annualized cost-savings initiatives will benefit second half 2024 and first half 2025

Strong progress on business review and refocusing R&D investments on core growth areas  

Second quarter 2024 revenue was $637 million, as reported:

Total recurring revenue1 grew 3% as reported and 5% in constant currency compared to the prior year period, excluding COVID-19 revenue and U.S. Donor Screening revenue

YTD 2024 revenue was $1.35 billion, as reported:

Total recurring revenue1 grew 6% as reported and 7% in constant currency compared to the prior year period, excluding... More