Why Quidel Stock Is Popping Today

Quidel (NASDAQ: QDEL) stock was popping on Friday with shares jumping 11.3% as of 11:02 a.m. ET. The impressive gain came after the company announced its 2021 fourth-quarter and full-year results following the market close on Thursday.

The diagnostics testing company reported fourth-quarter revenue of $636.9 million. Although this reflected a sharp 21.2% year-over-year decline, it still narrowly topped the consensus estimate.

Quidel also posted adjusted Q4 earnings of $7.29 per share. This result was much lower than adjusted earnings of $11.07 per share in the prior-year period. However, it blew past the average analysts' estimate of $4.89 per share.

Continue reading

Source Fool.com