Quest Diagnostics Q3 adjusted earnings Beat Estimates

(RTTNews) - Quest Diagnostics (DGX) released earnings for third quarter that dropped from the same period last year.

The company's profit came in at $505 million, or $4.02 per share. This compares with $568 million, or $4.14 per share, in last year's third quarter.

Excluding items, Quest Diagnostics reported adjusted earnings of $498 million or $3.96 per share for the period.

Analysts had expected the company to earn $2.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.7% to $2.77 billion from $2.79 billion last year.

Quest Diagnostics earnings at a glance:

-Earnings (Q3): $498 Mln. vs. $591 Mln. last year. -EPS (Q3): $3.96 vs. $4.31 last year. -Analysts Estimate: $2.87 -Revenue (Q3): $2.77 Bln vs. $2.79 Bln last year.

-Guidance: Full year EPS guidance: $13.50 - $13.90 Full year revenue guidance: $10.45 - $10.60 Bln