Quest Diagnostics Inc.'s stock fell 3.6% early Tuesday, after the company posted better-than-expected first-quarter earnings and backed its guidance, but said the early part of the quarter was slow.
Secaucus, N.J.-based Quest $(DGX)$ had adjusted per-share earnings of $2.21, up 8.3% from a year ago and ahead of the $2.15 FactSet consensus. Revenue rose 12.1% to $2.652 billion, also ahead of the $2.630 billion FactSet consensus.
Chief Executive Jim Davis said growth rebounded in March after a weather-related slump early in the quarter. "Our growth was due to contributions from acquisitions and large enterprise accounts, demand for our advanced diagnostics portfolio, and expanded health plan access," he said in prepared remarks.
The company backed its revenue guidance for 2025 of $10.7 billion to $10.85 billion. It raised its EPS guidance to $8.62 to $8.87 from $8.34 to $8.59 previously, but stuck with adjusted EPs guidance of $9.55 to $9.80.
(This is a breaking news story. Check back for updates)
-Ciara Linnane
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April 22, 2025 07:01 ET (11:01 GMT)
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