04:41 AM EDT, 05/08/2025 (MT Newswires) -- QuidelOrtho ( QDEL ) reported Q1 adjusted earnings late Wednesday of $0.74 per diluted share, up from $0.44 a year earlier.

Analysts polled by FactSet expected $0.59.

Revenue for the quarter ended March 30 was $692.8 million, compared with $711 million a year earlier.

Analysts surveyed by FactSet expected $689.6 million.

The company maintained its fiscal 2025 adjusted earnings guidance of $2.07 to $2.57 per diluted share on revenue of $2.60 billion to $2.81 billion. Analysts surveyed by FactSet expect adjusted earnings of $2.36 per share on revenue of $2.70 billion.

Shares were up more than 7% in recent premarket activity Thursday.