12:35 PM EST, 11/08/2024 (MT Newswires) -- QuidelOrtho ( QDEL ) shares jumped more than 15% in recent trading Friday, a day after the company reported better-than-expected Q3 adjusted earnings and revenue.

The company reported Q3 adjusted earnings late Thursday of $0.85 per diluted share, down from $0.90 a year earlier.

Analysts polled by Capital IQ expected $0.32.

Revenue for the quarter ended Sept. 29 was $727.1 million, down from $744.0 million a year earlier.

Analysts surveyed by Capital IQ expected $643.5 million.

For 2024, the company said it continues to expect adjusted diluted EPS of $1.69 to $1.91 on revenue of $2.75 billion to $2.80 billion. Analysts surveyed by Capital IQ expect $1.76 in earnings on revenue of $2.74 billion.

Separately, QuidelOrtho ( QDEL ) said in a regulatory filing that it is terminating the employment of Chief Operating Officer Robert J. Bujarski and Chief Commercial Officer Michael S. Iskra, effective Nov. 15. Philip McLellan, who most recently served as the company's senior vice president of operations, has been appointed as chief operations officer, effective on the same date, the company added.

Price: 45.00, Change: +6.15, Percent Change: +15.83