SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — Quest Diagnostics Inc. (DGX) on Tuesday reported fourth-quarter profit of $245 million.
On a per-share basis, the Secaucus, New Jersey-based company said it had profit of $2.18. Earnings, adjusted for one-time gains and costs, came to $2.42 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The medical laboratory operator posted revenue of $2.81 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $2.75 billion.
For the year, the company reported profit of $992 million, or $8.75 per share. Revenue was reported as $11.04 billion.
Quest Diagnostics expects full-year earnings in the range of $10.50 to $10.70 per share, with revenue in the range of $11.7 billion to $11.82 billion.
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