Market Overview

UPDATE: Quest Diagnostics Posts Higher Q4 Profit, Issues Downbeat 2014 Forecast

Related DGX
Earnings Scheduled For July 24, 2014
Mid-Day Market Movers For Monday, June 16, 2014

Quest Diagnostics (NYSE: DGX) reported a rise in its fourth-quarter profit.

Quest expects 2014 earnings of $3.90 to $4.10 per share, versus analysts' estimates of $4.18 per share.

Quest's quarterly profit surged to $143 million, or $0.97 per share, from a year-ago profit of $56 million, or $0.34 per share. Excluding special items, Quest's earnings from continuing operations came in at $1.03 per share.

Its revenue fell 1% to $1.76 billion. However, analysts were projecting earnings of $0.93 per share on revenue of $1.74 billion.

The company's board also lifted its quarterly dividend by 10% to $0.33 per share.

Quest shares gained 0.99% to $54.33 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (DGX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters