Yahoo Finance QuidelOrtho Full Year 2023 Earnings: Misses Expectations
QuidelOrtho (NASDAQ:QDEL) Full Year 2023 Results
Key Financial Results
Revenue: US$3.00b (down 8.2% from FY 2022).
Net loss: US$10.1m (down by 102% from US$548.7m profit in FY 2022).
US$0.15 loss per share (down from US$9.66 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
QuidelOrtho Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.9% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 33% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for QuidelOrtho (1 doesn't sit too well with us!) that we have uncovered.
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