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Quest Diagnostics Q1 adjusted earnings Beat Estimates

Quest Diagnostics (DGX) reported earnings for first quarter that fell from last year.

The company's profit totaled $99 million, or $0.73 per share. This compares with $164 million, or $1.20 per share, in last year's first quarter.

Excluding items, Quest Diagnostics reported adjusted earnings of $128 million or $0.94 per share for the period.

Analysts had expected the company to earn $0.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.7% to $1.82 billion from $1.89 billion last year.

Quest Diagnostics earnings at a glance:

-Earnings (Q1): $128 Mln. vs. $190 Mln. last year.
-EPS (Q1): $0.94 vs. $1.40 last year.
-Analysts Estimate: $0.89
-Revenue (Q1): $1.82 Bln vs. $1.89 Bln last year.

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