Quest Diagnostics: Q4 Earnings Snapshot

SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — Quest Diagnostics Inc. (DGX) on Thursday reported fourth-quarter net income of $220 million.

On a per-share basis, the Secaucus, New Jersey-based company said it had profit of $1.95. Earnings, adjusted for one-time gains and costs, came to $2.23 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.

The medical laboratory operator posted revenue of $2.62 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $2.57 billion.

For the year, the company reported profit of $866 million, or $7.69 per share. Revenue was reported as $9.87 billion.

Quest Diagnostics expects full-year earnings in the range of $9.55 to $9.80 per share, with revenue in the range of $10.7 billion to $10.85 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DGX at https://www.zacks.com/ap/DGX

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