SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — Quest Diagnostics Inc. (DGX) on Tuesday reported first-quarter earnings of $194 million.
The Secaucus, New Jersey-based company said it had profit of $1.72 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $2.04 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The medical laboratory operator posted revenue of $2.37 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.29 billion.