01.02.2024 12:55:08 - dpa-AFX: Quest Diagnostics Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Quest Diagnostics (DGX) reported a profit for its
fourth quarter that increased from the same period last year and beat the
Street estimates.
The company's bottom line came in at $192 million, or $1.70 per share. This
compares with $101 million, or $0.87 per share, in last year's fourth quarter.
Excluding items, Quest Diagnostics reported adjusted earnings of $245 million or
$2.15 per share for the period.
Analysts on average had expected the company to earn $2.11 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 1.7% to $2.29 billion from $2.33
billion last year.
Quest Diagnostics earnings at a glance (GAAP) :
-Earnings (Q4): $192 Mln. vs. $101 Mln. last year.
-EPS (Q4): $1.70 vs. $0.87 last year.
-Analyst Estimate: $2.11
-Revenue (Q4): $2.29 Bln vs. $2.33 Bln last year.
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