Press release
Investigation announced for Investors who lost money with shares of QidelOrtho Corporation (NASDAQ: QDEL)
An investigation for investors in QuidelOrtho Corporation (NASDAQ: QDEL) shares over potential securities laws violations.
Investors who purchased shares of QuidelOrtho Corporation (NASDAQ: QDEL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of QuidelOrtho Corporation (NASDAQ: QDEL) concerning whether a series of statements by QuidelOrtho Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Diego, CA based QuidelOrtho Corporation focuses on the development and manufacture of diagnostic testing technologies and solutions. QuidelOrtho Corporation reported that its annual Total Revenue rose from over $1.69 billion in 2021 to over $3.26 billion in 2022, and that its Net Income declined from $704.2 million in 2021 to $548.7 million in 2022.
On February 13, 2024, QuidelOrtho Corporation reported fourth quarter and full-year 2023 financial results. GAAP net income for Q4 2023 was $7 million, with diluted earnings per share (EPS) of $0.10, a decrease from $30.3 million and $0.45 EPS in the prior year period. Revenue for the quarter was $742.6M, missing estimates by $44.86M.
Then the Board of Directors terminated Douglas Bryant, President and CEO. Mr. Bryant has also resigned from the Board, both effective February 21, 2024.
Shares of QuidelOrtho Corporation (NASDAQ: QDEL) declined from $75.83 per share on December 22, 2023, to $41.75 per share on February 16, 2024.
Those who purchased shares of QuidelOrtho Corporation (NASDAQ: QDEL) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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