QuidelOrtho (QDEL) reported preliminary Q1 revenues significantly below expectations due to a weak flu season and issues in the Chinese market. The company anticipates negative free cash flow in the first half of 2026, raising concerns among investors about future performance.
U.S. stock futures rose, Dow futures up 0.2%. Powell Industries missed sales estimates, shares dropped 15.4%. QDEL shares fell 6.7% due to a secondary stock offering. Target Corporation's shares fell 16.3% on disappointing results. Other stocks also experienced declines in pre-market trading.