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UPDATE 1-Quidel sees Q4 revenue below Street view; shrs down
January 5, 2011 / 10:31 PM / in 7 years

UPDATE 1-Quidel sees Q4 revenue below Street view; shrs down

* Sees Q4 rev of $31.5 mln, down 52 pct

* Cites fall in sales of flu products

* Shares down 8 pct after mkt

Jan 5 (Reuters) - Quidel Corp (QDEL.O), a provider of rapid diagnostic tests, forecast lower-than-expected quarterly revenue, citing a significant fall in sales of its influenza products, sending its shares down 8 percent after market.

For the quarter ended Dec. 31 the company sees revenue of about $31.5 million, down 52 percent, it said in a regulatory filing.

Analysts on average had expected revenue of $37.5 million, according to Thomson Reuters I/B/E/S.

Shares of Quidel, which have gained about 27 percent since the company reported quarterly results in October, were down at $13.35 in extended trade. (Reporting by Rajarshi Basu in Bangalore; Editing by Unnikrishnan Nair)

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