Quidel reports better-than-expected Q2 results; shares up 11%
Diagnostic solutions provider Quidel Corporation (Nasdaq:QDEL) is up 11% in today’s trading after posting better-than-expected second quarter results after the close on Wednesday. For the quarter ended June 30, Quidel reported a net loss of $0.5 million, or $0.02 per share, compared with a loss of $1.7 million, or $0.05 per share, for the same period a year ago. Global revenues increased $21.9 million from $18.6 million. Wall Street was expecting a net loss of $0.04 on revenues of $20 million.
In today’s trading, shares of San Diego-based Quidel are at $20.62 at 3:44 p.m. ET, up $2.11 from Wednesday’s close. Trading volume soared to more than 1 million shares, well above the average of about 200,000.
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