By Dean Seal
Quest Diagnostics raised its profit and revenue outlook for the year after strong organic growth and acquisitions boosted its top and bottom lines in the third quarter.
The provider of diagnostic information services said Tuesday that organic revenue growth in the latest completed quarter hit 6.8%, while acquisitions boosted the top line higher.
Quest is now guiding for $10.96 billion to $11 billion in revenue for 2025, up from a prior outlook for $10.8 billion to $10.92 billion, and adjusted earnings of $9.76 to $9.84 a share, up from $9.63 to $9.83 a share.
Shares advanced 2.4% to $195 in premarket trading.
For the third quarter, the Secaucus, N.J., company posted a profit of $245 million, or $2.16 a share, compared with $226 million, or $1.99 a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $2.60 a share, topping analyst forecasts by a dime, according to FactSet.
Revenue jumped 13% to $2.82 billion, ahead of analyst estimates for $2.74 billion.
During the quarter, Quest completed the acquisition of select dialysis testing assets from Fresenius Medical Care and separately began to scale clinical lab testing for Fresenius Medical Care's U.S. dialysis customers.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 21, 2025 07:12 ET (11:12 GMT)
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