Business
Quidel Announces Preliminary Revenue for Third Quarter 2020
Virtual Investor Day to Be Held on November 12th SAN DIEGO--(BUSINESS WIRE)-- Quidel Corporation (NASDAQ: QDEL) (“Quidel”), a provider of rapid diagnostic
About this update from Quidelortho Corporation
[{"type":"text","content":"\nVirtual Investor Day to Be Held on November 12th\n\n SAN DIEGO--(BUSINESS WIRE)--\nQuidel Corporation (NASDAQ: QDEL) (“Quidel”), a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, announced today that it expects revenues in the third fiscal quarter of 2020 to be in the range of $475 million to $477 million.\n\n\"The entire team at Quidel has truly risen to the challenge of the COVID-19 pandemic, producing and shipping millions of tests to those with the greatest need, and further democratizing testing by providing affordable rapid testing to tens of thousands of communities throughout the United States. We are proud of the leading role we are playing to slow the spread of disease and, ultimately, get Americans back to work,\" said Douglas Bryant, president and chief executive officer of Quidel Corporation. \"Moving forward, we expect even greater success in augmenting our supply chains and production for our COVID-19 diagnostic products, resulting in $800 million or more in revenue in our final quarter of 2020.\"\n\nThese preliminary results are based on management’s initial analysis of operations for the quarter ended September 30, 2020. The company expects to issue full financial results for the third quarter in late October.\n\nQuidel to Hold Virtual Investor Day on November 12th \n\nQuidel’s management team will hold a virtual Investor Day presentation on November 12, 2020 beginning at 8:00 am Pacific Time with a question-and-answer session scheduled immediately following the management presentation. During the presentation, the Company will discuss business and financial developments and trends. The Company's statements may contain or constitute material information that has not been previously disclosed.\n\nA live webcast and audio archive of the presentation will be available via the Investor Relations section of the company’s Web site at http://ir.quidel.com. Participants should allow approximately five to ten minutes prior to the presentation's start time to visit the site and download any streaming media software needed to listen to the Internet webcast. A replay of the webcast will also be available on the company’s Web site for 90 days.\n\nAbout Quidel Corporation \n\nQuidel Corporation serves to enhance the health and well-being of people around the g...