Navigation Links
Quest Diagnostics Reports Growth in Revenue and Earnings for Fourth Quarter 2008 and Provides 2009 Guidance
Date:1/26/2009

with further improvements in operating efficiencies."

For the fourth quarter, operating income increased to $317 million, or 17.6% of revenues, from $312 million, or 17.6% of revenues in 2007. The $16 million charge reduced fourth quarter operating income as a percentage of revenues by approximately 1%. Bad debt expense, as a percentage of revenues, improved to 4.3%, compared to 4.4% in 2007. Days sales outstanding improved to 44 days, compared to 45 days at the end of the third quarter of 2008 and 48 days a year ago. Cash from operations increased to $363 million from $355 million in the fourth quarter of 2007. During the quarter, the company repurchased $254 million of its common shares; reduced debt by $45 million; and made capital expenditures of $73 million. Cash and cash equivalents was $254 million at the end of the fourth quarter.

Full Year Performance

Diluted earnings per share increased 14% to $3.23 from $2.84 in 2007. Income from continuing operations increased to $632 million, from $554 million in 2007. Revenues increased 8.1% to $7.2 billion. For the full year, the May 31, 2007 acquisition of AmeriPath increased consolidated revenues by 5.0%.

Operating income for 2008 increased to $1.2 billion, or 16.9% of revenues, compared to $1.1 billion, or 16.3% of revenues in 2007. Cash from operations for 2008 increased to $1.1 billion from $927 million in 2007. During 2008, the company repurchased $254 million of its common shares; reduced debt by $458 million, and made capital expenditures of $213 million.

Outlook for 2009

For 2009, the company expects results from continuing operations as follows: earnings per diluted share of between $3.50 and $3.70, excluding special charges; revenue growth of approximately 3%, and operating income approaching 18% of revenues. Cash from operations is expected to approximate $1 billion, before the expected payment of the $316
'/>"/>

SOURCE Quest Diagnostics
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Related medicine news :

1. Quest Diagnostics Board Authorizes $500 Million in Share Repurchases
2. First Study to Test Real-World Effects of Stun Gun Use Raises Questions about Safety
3. Medicsight PLC Receives Additional Information Request for FDA 510(k) Clearance
4. Xmark Sends Letters to Icagens Board of Directors: Questions Companys Leadership as Well as Motives Behind Adoption of Poison Pill
5. Quest Diagnostics to Release Fourth Quarter and Full Year 2008 Financial Results
6. Study of Everest Climbers Questions Oxygen Use
7. Inside out Applesauce Fueling Oklahomas Title Quest
8. U.S. Navy Requested Operations Trial on FDA Hold
9. A simple questionnaire to replace a doctors exam
10. Allsup Outlines 10 Essential Questions People Need to Ask when Evaluating Medicare Plans
11. Hospice Community Encouraged to Respond to Daschle Request to Participate in Information Gathering about Healthcare Concerns
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... The Incredible Bulk is a revolutionary method put ... muscle by up to 30lbs in less than 12 weeks ... Stan Stevenson, prompting an investigative review. , “Our Incredible ... diet formula that allows the body to pack on a ...
(Date:1/22/2015)... Juvent Sports ( http://www.juventsports.com ) and David ... Show to bestow a Juvent Sports Achievement award upon ... McKitrick. The award commemorated and congratulated McKitrick for her ... won her first amateur tournament in 1979 and most ...
(Date:1/22/2015)... 22, 2015 Carinsurancesavings.biz has released a new ... and dismemberment insurance . , Purchasing an accidental death ... very advantageous. This type of rider provides benefits if the ... be considered a lesser form of life insurance. , ...
(Date:1/22/2015)... Palm City, Florida (PRWEB) January 22, 2015 ... use cold therapy machine with patented IsoTube design to treat ... has introduced the most progressive and easy to use ... help treat post-operative and sports related orthopedic and muscle injuries. ...
(Date:1/22/2015)... a famous dress online store for wedding dresses and other ... of wedding dresses , and launches a site-wide women’s dress ... on your big day; the wedding gown is the most ... find the most suitable wedding dress. Now, we are proud ...
Breaking Medicine News(10 mins):Health News:The Incredible Bulk: Review Examining Ben Pakulski’s Brand New Bulking Muscle Building Diet Program Released 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 3Health News:Accidental Death and Dismemberment Insurance Can Be Purchased at Low Prices Online 2Health News:IsoComforter Introduces Best of Class Cold Therapy Product to the Worldwide Market 2Health News:Find The Most Suitable Wedding Dress At JJsHouse.com 2
... vulvar cancer occurs most frequently in women age 65 to 75 ... age 70 or older, and the rate increases with age, reaching ... age. , A team of researchers headed by Ashley Stuckey, MD, ... Women & Infants Hospital of Rhode Island, recently presented research to ...
... , WEDNESDAY, Feb. 9 (HealthDay News) -- A lack of ... attack. That,s the finding of British researchers who analyzed ... including the United States. "If you sleep less than ... a 48 percent greater chance of developing or dying from ...
... HealthDay Reporter , WEDNESDAY, Feb. 9 (HealthDay News) -- ... be cutting down on calories, but they also might be ... our study, we saw a significant increased risk among those ... Hannah Gardener, an epidemiologist at the University of Miami Miller ...
... the source of cocaine, is speeding up destruction of ... plant and animal diversity, scientists are reporting in a ... need for establishing larger protected areas to help preserve ... Technology . Liliana M. Dvalos and colleagues ...
... fellows recently were awarded fellowships. Rita Strack, Ph.D., received ... fellowships, and Bagrat Abazyan, M.D., Robert H. Cudmore, Ph.D., ... Ph.D., Minae Niwa, Ph.D., Frederick Charles Nucifora Jr., Ph.D., ... the 214 recipients of the NARSAD: The Brain and ...
... damage to recover faster from a tough workout, according to ... journal Medicine & Science in Sports & Exercise . ... at London South Bank University in the UK gave 10 ... concentrate (provided by CherryActive) twice daily for seven days prior ...
Cached Medicine News:Health News:Researchers: Elderly patients 4 times more likely to die from treatment complications 2Health News:Too Little Sleep, Too Often, May Harm Your Heart 2Health News:Can Diet Soda Boost Your Stroke Risk? 2Health News:Can Diet Soda Boost Your Stroke Risk? 3Health News:Cocaine production increases destruction of Colombia's rainforests 2Health News:Johns Hopkins School of Medicine postdoctoral fellows win awards 2Health News:New research suggests tart cherries could speed muscle recovery 2
(Date:1/23/2015)... 23, 2015 Tianyin Pharmaceutical Inc. (NYSE Amex: ... the development and sale of patented biopharmaceutical medicine, modernized ... ingredients (API) today announced the business and development progress ... 1. Following the September 2014 JCM application (No. ...
(Date:1/22/2015)... ON , Jan. 22, 2015 /PRNewswire/ - Pivotal Therapeutics Inc. ... with a focus on Omega-3 therapies for cardiovascular disease and ... of the Company,s accomplishments in 2014 and its outlook for ... Dear Fellow Shareholders, We would like to ...
(Date:1/22/2015)... , Jan. 22, 2015 Research and Markets ... the "Infectious Disease Diagnostics Market by Product, Application, ... report to their offering. , The infectious ... of 7.9% to reach $18,156.2 million by 2019 from ...
Breaking Medicine Technology:TPI's JCM Updates on Import Registration for International Clients 2TPI's JCM Updates on Import Registration for International Clients 3TPI's JCM Updates on Import Registration for International Clients 4Pivotal Therapeutics: Year in Review and CEO Update 2Pivotal Therapeutics: Year in Review and CEO Update 3Pivotal Therapeutics: Year in Review and CEO Update 4Pivotal Therapeutics: Year in Review and CEO Update 5Pivotal Therapeutics: Year in Review and CEO Update 6Pivotal Therapeutics: Year in Review and CEO Update 7Global Infectious Disease Diagnostics (Instruments, Reagents, Services, Software) Market - Forecast to 2019 2Global Infectious Disease Diagnostics (Instruments, Reagents, Services, Software) Market - Forecast to 2019 3
... Conn., Nov. 1, 2010 Biodel Inc. (Nasdaq: ... Administration (FDA) has issued a Complete Response Letter (CRL) requesting ... Linjeta™ (human insulin [rDNA origin]) injection 100IU/mL for the treatment ... glycemic control. The CRL stated that the FDA,s ...
... prescription discount card sponsored by McLennan County, today announced the ... initial six months.  "Anything we can do to assist in ... glad to participate in," said McLennan County Judge Jim Lewis. ... pharmacies in the county. It provided a discount 4,961 times ...
Cached Medicine Technology:FDA Issues Complete Response Letter to Biodel Regarding New Drug Application for Linjeta™ 2FDA Issues Complete Response Letter to Biodel Regarding New Drug Application for Linjeta™ 3FDA Issues Complete Response Letter to Biodel Regarding New Drug Application for Linjeta™ 4McLennan County Residents Save $138,000 On Prescription Drugs 2
CDIs original garments with our exclusive Wonderfabric™....
Black Spandex Above the Knee Compression Girdles with Hook & Eye with Zipper...
Male Body Shaper, Front Closure...
Ideal for abdominal, hip, thigh and knee procedures....
Medicine Products: