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SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — Quest Diagnostics Inc. (DGX) on Tuesday reported first-quarter earnings of $220 million.
On a per-share basis, the Secaucus, New Jersey-based company said it had profit of $1.94. Earnings, adjusted for one-time gains and costs, were $2.21 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The medical laboratory operator posted revenue of $2.65 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.61 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