WASHINGTON (dpa-AFX) - Quest Diagnostics Inc. (DGX), while reporting higher third-quarter results above market estimates, on Tuesday trimmed fiscal 2025 earnings view on a reported basis. However, the company raied outlook for adjusted earnings and net revenues again, both above the Street view, citing the strong performance year-to-date.
In the pre-market activity, Quest Diagnostics shares were gaining around 2 percent to trade at $194.00.
For full year 2025, the provider of diagnostic information services now expects earnings per share of $8.58 to $8.66, lower than previously expected $8.60 to $8.80 per share.
However, adjusted earnings per share are now expected in a range of $9.76 to $9.84, revised from prior guidance range of $9.63 $9.83.
Net revenues are now projected in a range of $10.96 billion $11 billion, updated from prior guidance range of $10.80 billion $10.92 billion.
The Wall Street analysts on average expect the company to report earnings of $9.75 per share on revenues of $10.87 billion. Analysts' estimates typically exclude special items.
In the third quarter, the company's bottom line grew 8.5 percent to $245 million or $2.16 per share from $226 million or $1.99 per share last year.
Adjusted earnings were $296 million or $2.60 per share for the period, compared to $262 million or $2.30 per share last year.
The company's revenue for the period rose 13.1 percent to $2.816 billion from $2.488 billion last year.
The Street expected earnings of $2.50 per share on revenues of $2.73 billion for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
