SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — Quest Diagnostics Inc. (DGX) on Wednesday reported second-quarter net income of $235 million.
On a per-share basis, the Secaucus, New Jersey-based company said it had profit of $2.05. Earnings, adjusted for amortization costs and restructuring costs, came to $2.30 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The medical laboratory operator posted revenue of $2.34 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.24 billion.
Quest Diagnostics expects full-year earnings in the range of $8.50 to $8.90 per share, with revenue in the range of $9.12 billion to $9.2 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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