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Quest Diagnostics Reports Second Quarter 2013 Financial Results
Date:7/18/2013

8.2$

331.3Less: Earnings allocated to participating securities

0.60.70.91.3Earnings available to Quest Diagnostics' common stockholders - basic and diluted

$

152.1$

174.5$

267.3$

330.0Weighted average common shares outstanding - basic

152.7158.5155.4158.4Effect of dilutive securities:Stock options and performance share units

1.41.31.31.3Weighted average common shares outstanding - diluted

154.1159.8156.7159.7Earnings per share attributable to Quest Diagnostics' common stockholders - basic:Income from continuing operations

$

0.99$

1.10$

1.72$

2.08Income from discontinued operations

0.080.020.210.04Net income

$

1.07$

1.12$

1.93$

2.12Earnings per share attributable to Quest Diagnostics' common stockholders - diluted:Income from continuing operations

$

0.99$

1.09$

1.71$

2.06Income from discontinued operations

0.080.020.210.04Net income

$

1.07$

1.11$

1.92$

2.10 

2)

Adjusted amounts for operating income, operating income as a percentage of net revenues, income from continuing operations attributable to Quest Diagnostics' stockholders, and diluted earnings per common share represent the Company's results before the impact of the restructuring and integration charges and first and second quarter 2012 costs associated with the succession of our prior CEO.  Adjusted measures are presented because management believes those measures are useful adjuncts to reported results under accounting principles generally accepted in the United States when comparing results of operations from period to period.  Adjusted measures should not be considered as an alternative to the corresponding measures determined under accounting principles generally accepted in the United Sta
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SOURCE Quest Diagnostics Incorporated
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