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