Navigation Links
Quest Diagnostics Reports Growth in Revenue and Earnings for Third Quarter 2008
Date:10/21/2008


-- Total revenues of $1.8 billion, up 3.4%

-- Adjusted diluted earnings per share of $0.86, up 12%

-- Cash flow from operations improved to $329 million

-- 2008 adjusted EPS guidance increased to $3.17 - $3.22 per diluted share

-- Agreement in principle reached regarding previously disclosed

NID-related matter

MADISON, N.J., Oct. 21 /PRNewswire-FirstCall/ -- , 2008-- Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic testing, information and services, announced that for the third quarter ended September 30, 2008, adjusted income from continuing operations increased to $0.86 per diluted share, before $0.03 per share associated with a non-cash charge to write down an equity investment, and $0.02 per share associated with the impact of hurricanes. Including these items, net income from continuing operations was $160 million, or $0.81 per diluted share. For the third quarter 2007, net income was $150 million, or $0.77 per diluted share.

Third quarter revenues increased 3.4% to $1.8 billion. The impact of hurricanes reduced revenues by approximately half a percent. Clinical testing revenues increased by 3.0% compared to the prior year. Revenue per requisition increased 2.3% and clinical testing volume, measured by the number of requisitions, increased 0.7%.

"During the quarter, we grew revenues, increased adjusted earnings per share 12% and generated $329 million in cash," said Surya N. Mohapatra, Ph.D., Chairman and Chief Executive Officer. "Our strong cash flows and prudent capital management position us well for these turbulent times. We are successfully executing our plan, focusing on providing a differentiated service to our customers, a
'/>"/>

SOURCE Quest Diagnostics Incorporated
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Related medicine news :

1. Intimacy and Sexuality After Cancer: Questions Answered and Concerns Addressed
2. Questions Continue About Using Beta Blockers Before Surgery
3. Register by Oct. 21 for annual carbon sequestration meeting
4. Quest Diagnostics to Release Third Quarter 2008 Financial Results
5. Susan G. Komen for the Cure(R) Advocacy Alliance Suggests Questions for Vice Presidential Debate
6. Maryland Stem Cell Commission Issues Requests for Applications
7. New Questions Raised About Lung Cancer Screening
8. Will patients stick to physical therapy? Questionnaire can help doctors predict
9. Testifying Before Congress, Trust for Americas Health Urges FDA Spending Cap Until Realistic Budget Request is Made
10. Accuracy, efficacy and ethics of abstinence-only programs questioned by public health experts
11. Pediatrichealthchannel.com - New Site for Parents Seeking Answers to Children's Health Questions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/17/2014)... Colic affects about one in five infants in the ... during the first several months after birth. Research into ... promise; however, the April 1, 2014 issue of the ... on a study, "Probiotics and Infant Colic," concluding that ... for infant colic did not reduce crying or ...
(Date:4/17/2014)... by researchers at UC Davis has shown that the ... in cell division, also boosts the mitochondrial activity to ... complex has been shown to perform both jobs. This ... to control cellular energy production, potentially advancing cancer care ... in the journal Developmental Cell . , "These ...
(Date:4/17/2014)... days to find a colored ribbon representing a disease. A ... what color ribbon does one think of with lung cancer?, ... many suffering from the disease, black may be the only ... of lung cancer patients, primarily smokers between the ages of ... the stigma often felt by these patients, the emotional toll ...
(Date:4/17/2014)... study has found that India,s shocking rates of suicide ... who are clinging to tiny smallholdings less than ... such as cotton and coffee, that are highly susceptible ... range of previous case studies that point to a ... the ,liberalisation, of the nation,s economy during the 90s. ...
(Date:4/17/2014)... the leading weapon against the deadly disease could be ... indicating it simply needs to be administered differently. , ... anti-malarial drug chloroquine in treating and preventing the mosquito-bourne ... a million people each year around the world. , ... chloroquine, but research carried out at the Australian National ...
Breaking Medicine News(10 mins):Health News:New study says probiotic use for infant colic is not effective in reducing symptoms 2Health News:Dual role: Key cell division proteins also power up mitochondria 2Health News:Unraveling the 'black ribbon' around lung cancer 2Health News:New evidence of suicide epidemic among India's 'marginalized' farmers 2Health News:New evidence of suicide epidemic among India's 'marginalized' farmers 3Health News:Scientists find new way to fight malaria drug resistance 2
... over-the-counter pain killers should carry warnings that they ... comments follow a study by Danish reseacher Gunnar ... British Medical Journal which studied the effect on ... indomethacin (ibuprofen). ,Researchers used prescription //records to ...
... from the University of Chapel Hill have found ... appear to worsen the outcome. ,The study tracked two ... had lower back pain for over six weeks. One group ... that after three months, patients who had initially received the ...
... Pharmaceuticals. Baycol, which was initially approved by the FDA, ... cholesterol by blocking enzymes that are essential in the ... has voluntarily recalled its cholesterol drug Baycol( cerivastatin ) ... deaths. Baycol can cause a muscular side effect called ...
... stimuli also affect the appetite centre of the brain.,It is ... often accompanies pain. People with migraine, for instance, cannot face ... one common linked symptom is nausea. ,Scientists at ... reveal, in a study,// the changes in the brain when ...
... Carolina at Chapel Hill, state about the discovery of how ... The UNC scientists have found a previously unknown ... the genetic messenger known as RNA. When the chemical ... which the information contained in DNA,is converted into functions critical ...
... research has found that young women are much more likely ... which contradicts the stereotype that men are more likely to ... Internal Medicine this week. ,Researchers from Emory, Yale and ... were discharged from hospital after a heart attack. They found ...
Cached Medicine News:
(Date:1/15/2014)... , Jan. 15, 2014  Novation, the leading health care ... new IT value-added reseller (VAR) national contracts that expand ... and services at lower costs. These include manufacturer product ... as initiative assistance and ongoing IT consulting support. ...
(Date:1/15/2014)... Shire plc (LSE: SHP, NASDAQ: SHPG ) ... approval condition to the announced tender offer for all of the ... a result of the waiver, the transaction is no longer conditional ... on January 24, 2014 following the currently scheduled expiration time, subject ...
(Date:1/15/2014)... 15, 2014  Manufacturers, suppliers and distributors of innovative ... protect their most important business assets, intellectual property ... Because of the highly-competitive nature of ... of the most litigious industry sectors of cases ...
Breaking Medicine Technology:New Novation Information Technology VAR Contracts Offer Significant Savings to Hospitals 2Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 2Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 3Intellectual Property Insurance for Medical-related Products and Services 2
... , LAKE FOREST, Ill., Dec. 16 Hospira, ... pharmaceutical and medication delivery company, today announced that it will ... 2009 results and projections for 2010 on Thursday, Feb. 4, ... release its fourth-quarter and full-year 2009 results earlier that morning, ...
... , GREEN BAY, Wis., Dec. ... with DolCas Biotech for the use of super ... multiple EuroPharma formulations. The exclusive distribution territory ... food store channel and professional channel, which includes ...
Cached Medicine Technology:EuroPharma Exclusive Distributor of BCM-95 and BosPure 2EuroPharma Exclusive Distributor of BCM-95 and BosPure 3
... is a rapid, real-time thermal cycler used ... By automating much of the testing process, ... it is the fastest, easiest to use, ... market. The SmartCycler delivers highly accurate and ...
... a rapid, real-time thermal cycler used for ... automating much of the testing process, and ... is the fastest, easiest to use, and ... The SmartCycler delivers highly accurate and consistent ...
... Real-Time PCR System gives you advanced, ... budget sensitivity. , , Four-color detection ... analysis, pathogen quantitation, SNP genotyping, and ... , Powerful, versatile software including ...
... of SYBR Green I or FAM in ... fluorophores in the second channel including ... a multitude of applications such as RT-qPCR ... offers precision thermal control and a temperature ...
Medicine Products: