Quidel Up 6% On Q3 Preliminary Results

(RTTNews) - Shares of rapid diagnostic testing solutions provider Quidel Corp. (QDEL) are up 6 percent on after-market trading on Thursday as the company reported preliminary results for the third quarter.

The company expects third quarter total revenues in the range of $505 million to $510 million, up 6-7 percent from $476.1 million recorded in the same period last year.

In the third quarter, the company shipped over 45 million SARS tests, up 135 percent from a year ago quarter. COVID-19 revenues for the third quarter of 2021 are expected to be approximately $406 million, up from $375.7 million for the third quarter of 2020.

QDEL ended Thursday's trade at $136.21, up $0.97 or 0.72% on the NYSE.