Quest Diagnostics Q2 Profit Increases

(RTTNews) - Quest Diagnostics Inc. (DGX) Thursday announced second quarter net income of $195 million or $1.37 per share compared to $118 million or $0.81 per share last year. Adjusted net income for the quarter was $178 million or $1.34 per share.

On average, 19 analysts polled by Thomson Reuters expected the company to earn $1.32 per share. Analysts estimates usually exclude special items.

Revenue for the quarter was $1.91 billion, down from $1.925 billion in the prior year. Wall Street expects $1.91 billion.

Looking ahead to the full year 2016, the company expects earnings per share in a range of $4.18 to $4.33.

Revenues are expected to be between $7.47 and $7.54 billion, flat to an increase of around 1 percent from last year. On a reported basis, revenues are expected to be up 2 to 3 percent from last year.