Quest Diagnostics Reports Strong Performance in Third Qu...(this standard did not impact earnings pe...)

Date:11/4/2009

this standard did not impact earnings per share attributable to Quest Diagnostics' common stockholders. 2) On January 1, 2009, the Company adopted a new accounting standard related to determining whether instruments granted in share-based payment transactions are participating securities. Under this standard, the Company's unvested restricted common stock and unvested restricted stock units that contain non-forfeitable rights to dividends are participating securities that are included in the computation of earnings per share pursuant to the two-class method. Earnings per share calculations for all prior periods have been presented based on the two-class method. Three Months Ended Nine Months Ended September 30, September 30, ------------- ------------- 2009 2008 2009 2008 ---- ---- ---- ---- (in millions, except per share data) Amounts attributable to Quest Diagnostics' common stockholders: Income from continuing operations $191.7 $159.7 $548.6 $462.6 Income (loss) from discontinued operations 0.5 (48.9) (1.1) (50.9) --- ------ ----- ------ Net income available to common stockholders $192.2 $110.8 $547.5 $411.7 ====== ====== ====== ====== Income from continuing operations $191.7 $159.7 $548.6 $462.6 Less: Earnings allocated to participating securities (0.7) (0.3) (1.6) (1.0) -----
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