Quest Diagnostics: 2Q Earnings Snapshot
Jul. 24, 2018
SECAUCUS, N.J. (AP) _ Quest Diagnostics Inc. (DGX) on Tuesday reported second-quarter net income of $219 million.
The Secaucus, New Jersey-based company said it had profit of $1.57 per share. Earnings, adjusted for one-time gains and costs, came to $1.75 per share.
The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.75 per share.
The medical laboratory operator posted revenue of $1.92 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $1.96 billion.
Quest Diagnostics expects full-year earnings in the range of $6.53 to $6.67 per share, with revenue in the range of $7.7 billion to $7.74 billion.
Quest Diagnostics shares have increased 17 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5 percent. The stock has increased 5 percent in the last 12 months.