BUSINESS

Companies Report Divergent Q1 Earnings and Forward Guidance

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Paramus, N.J. — Alexander's Inc. on Monday reported first-quarter funds from operations of $13.4 million ($2.60 per share), net income of $4.7 million (91 cents per share) and revenue of $53.4 million, noting its shares have risen 12% year-to-date and 14% over the last 12 months; in San Diego on Tuesday, QuidelOrtho reported a GAAP loss of $91.8 million ($1.35 per share) and revenue of $619.8 million. This week investors and analysts reviewed those results: Alexander's FFO and earnings reinforced its recent share performance, while QuidelOrtho issued full-year guidance of $1.80 to $2.00 per share and revenue guidance of $2.7 billion to $2.75 billion to inform fiscal planning and investor expectations in coming quarters.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Alexander's filed Q1 results showing $13.4M FFO and $4.7M net income.
Alexander's reported revenue of $53.4M and noted share gains year-to-date.
QuidelOrtho reported a Q1 GAAP loss of $91.8M and adjusted EPS of $0.04.
QuidelOrtho posted Q1 revenue of $619.8M and issued full-year guidance.
AP automated summaries (via Automated Insights and Zacks) were republished by local outlets.

Why This Matters to You

These Q1 results impact your wallet if you're invested in Alexander's or QuidelOrtho. Alexander's strong performance could boost your portfolio. QuidelOrtho's loss might be a concern. Check your investments today.

The Bottom Line

Alexander's is on an upward trend, while QuidelOrtho faces challenges. Keep an eye on these companies' future earnings reports. Worth forwarding if you know someone invested in these stocks.