NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the looming June 11, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who acquired QuidelOrtho Corporation (f/k/a Quidel Corporation) ("QuidelOrtho" or the "Company") (NASDAQ:QDEL) securities during the period of February 18, 2022 through April 1, 2024, inclusive ("the Class Period").
[Click here to learn more about the class action]
On February 13, 2024, QuidelOrtho reported their fourth quarter 2023 results. Among other results, the Company's Adjusted Earnings Per Share was 46% below the midpoint of Wall Street analysts' expectations. This miss was largely attributed to lower COVID-19 revenues during the quarter due to distributor destocking. QuidelOrtho also lowered its annual endemic COVID-19 revenue forecast from the range of $200-$400 ...