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Quidel posts 1Q profit

SAN DIEGO (AP) _ Quidel Corp. (QDEL) on Monday reported first-quarter net income of $14.3 million, after reporting a loss in the same period a year earlier.

The San Diego-based company said it had net income of 42 cents per share.

The medical diagnostics company posted revenue of $73.7 million in the period.

Quidel shares have risen nearly 10 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $23.50, a climb of 22 percent 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

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