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VIVO - Meridian Bioscience guides Q1 sales above consensus
Meridian Bioscience Inc.
Meridian Bioscience ([[VIVO]] -2.0%) reported preliminary net revenue for Q1 of $92M compared to $47.4M a year ago, reflecting an increase of approximately 94% and better than consensus of $81.4M.Sees Life Science segment revenue of ~$62M, exceeding expectations due to the high demand for Covid-19 related products.Diagnostics segment revenue is expected to be roughly flat compared to 4Q, with revenue of $30M.