Quest Diagnostics Q1 adjusted earnings Beat Estimates

Quest Diagnostics (DGX) announced a profit for its first quarter that increased from the same period last year.

The company's bottom line came in at $469 million, or $3.46 per share. This compares with $99 million, or $0.73 per share, in last year's first quarter.

Excluding items, Quest Diagnostics reported adjusted earnings of $508 million or $3.76 per share for the period.

Analysts had expected the company to earn $3.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 49.5% to $2.72 billion from $1.82 billion last year.

Quest Diagnostics earnings at a glance:

-Earnings (Q1): $508 Mln. vs. $128 Mln. last year.
-EPS (Q1): $3.76 vs. $0.94 last year.
-Analysts Estimate: $3.71
-Revenue (Q1): $2.72 Bln vs. $1.82 Bln last year.

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