Quest Diagnostics Earnings Report

Quest Diagnostics beats by $0.02, beats on revs; guides FY14 EPS in-line, revs in-line (DGX) : Reports Q2 (Jun) earnings of $1.08 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $1.06; revenues rose 4.8% year/year to $1.90 bln vs $1.88 bln consensus.

7:14 am Quest Diagnostics beats by $0.02, beats on revs; guides FY14 EPS in-line, revs in-line (DGX) : Reports Q2 (Jun) earnings of $1.08 per share, excluding non-recurring items, $0.02better than the Capital IQ Consensus Estimate of $1.06; revenues rose 4.8% year/year to $1.90 bln vs the $1.88 bln consensus. Co issues in-line guidance for FY14, sees EPS of $4.00-4.10, excluding non-recurring items, vs. $4.03 Capital IQ Consensus Estimate; sees FY14 rev growth of +2.5%-3.5% vs prior guidance of +2%-4%. The new guidance computes to FY14 revenue of $7.32-7.40 bln vs. $7.35 bln Capital IQ Consensus Estimate.

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