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Quidel: 3Q Earnings Snapshot

·1 min read

SAN DIEGO (AP) _ Quidel Corp. (QDEL) on Thursday reported third-quarter profit of $232.3 million.

The San Diego-based company said it had net income of $5.33 per share. Earnings, adjusted for one-time gains and costs, were $5.78 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.58 per share.

The medical diagnostics company posted revenue of $476.1 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 $268.78, more than quadrupling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QDEL at https://www.zacks.com/ap/QDEL