Quidel (Nasdaq: QDEL) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Quidel met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share increased. GAAP earnings per share expanded.

Margins expanded across the board.

Revenue details
 Quidel tallied revenue of $62.0 million. The eight analysts polled by S&P Capital IQ foresaw a top line of $62.6 million on the same basis. GAAP reported sales were 63% higher than the prior-year quarter's $38.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.49. The six earnings estimates compiled by S&P Capital IQ predicted $0.46 per share. Non-GAAP EPS of $0.49 for Q1 were much higher than the prior-year quarter's $0.00 per share. GAAP EPS of $0.36 for Q1 were much higher than the prior-year quarter's $0.00 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 68.5%, 750 basis points better than the prior-year quarter. Operating margin was 27.7%, much better than the prior-year quarter. Net margin was 19.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $33.7 million. On the bottom line, the average EPS estimate is -$0.01.

Next year's average estimate for revenue is $184.9 million. The average EPS estimate is $0.74.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 165 members out of 173 rating the stock outperform, and eight members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Quidel a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quidel is outperform, with an average price target of $25.14.

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