QuidelOrtho Stock Down Despite Solid Preliminary Q4 Revenues

QuidelOrtho Corporation (QDEL) recently announced preliminary revenues for fourth-quarter 2024. The preliminary results drove down the shares of the company by 2.5% on Jan. 13.The company is expected to release fourth-quarter results on Feb. 12, 2025.Per the preliminary report, QDEL expects total reported revenues for the fourth quarter of 2024 in the range of approximately $702 million-$707 million, which aligns with its previously announced 2024 financial guidance, including Labs revenue, which also align ...