NEW YORK, March 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against QuidelOrtho Corporation (“QuidelOrtho” or the “Company”) (NASDAQ: QDEL) on behalf of QuidelOrtho stockholders. Our investigation concerns whether QuidelOrtho has violated the federal securities laws and/or engaged in other unlawful business practices.
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On February 13, 2024, QuidelOrtho reported fourth quarter and full-year 2023 financial results. GAAP net income for Q4 2023 was $7 million, with diluted earnings per share (EPS) of $0.10, a decrease from $30.3 million and $0.45 EPS in the prior year period. Revenue for the quarter was $742.6M, missing estimates by $44.86M.
On this news, QuidelOrtho was trading down over 38% in premarket on February 14, 2024.
If you purchased or otherwise acquired QuidelOrtho shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
