SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — Quest Diagnostics Inc. (DGX) on Tuesday reported third-quarter profit of $245 million.
The Secaucus, New Jersey-based company said it had profit of $2.16 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.60 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The medical laboratory operator posted revenue of $2.82 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $2.72 billion.
Quest Diagnostics expects full-year earnings in the range of $9.76 to $9.84 per share, with revenue in the range of $10.96 billion to $11 billion.
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