Quest beats quarterly profit estimates on strong demand for diagnostic tests

Reuters
04/22
Quest beats quarterly profit estimates on strong demand for diagnostic tests

April 22 (Reuters) - Laboratory operator Quest Diagnostics DGX.N beat Wall Street estimates for first-quarter profit on Tuesday, helped by robust demand for its diagnostic tests.

Demand for diagnostic checkups has grown in recent quarters as more people, especially older Americans, have sought non-urgent surgeries they had delayed.

Diagnostic service providers such as Quest and Labcorp LH.N have also benefited from deals to manage hospital labs as they seek market share gains.

"We were not expecting any real fireworks here but rather a continuation of a slow and steady performance, and at first glance that is what 1Q delivered," Leerink Partners analyst Michael Cherny said in a note.

The company's quarterly sales rose 12% from a year earlier to $2.65 billion. Analysts, on average, estimated the company to record $2.63 billion in quarterly sales, according to data compiled by LSEG.

On an adjusted basis, Quest posted a profit of $2.21 per share in the quarter ended March 31, above analysts' average estimate of $2.15 per share.

Quest maintained its annual adjusted profit forecast at $9.55 to $9.80 per share.

(Reporting by Puyaan Singh in Bengaluru; Editing by Leroy Leo)

((Puyaan.Singh@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10