11:52 AM EDT, 05/08/2025 (MT Newswires) -- (Updates headline and first paragraph to reflect stock movement.)

QuidelOrtho ( QDEL ) shares rose 36% in recent trading on Thursday after its Q1 adjusted earnings surpassed analysts' consensus.

The company 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.

Price: 35.10, Change: +9.25, Percent Change: +35.78