SAN DIEGO (AP) _ Quidel Corp. (QDEL) on Thursday reported second-quarter net income of $67.7 million.
The San Diego-based company said it had net income of $1.55 per share. Earnings, adjusted for one-time gains and costs, came to $1.86 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The medical diagnostics company posted revenue of $201.8 million in the period.
Quidel shares have more than tripled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $270.50, more than quadrupling in the last 12 months.