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

Volume per

Growth Growth Requisition

Reported: 3.4% 0.7% 2.3%

Impact on comparisons

to prior year of:

Acquisitions:

AmeriPath - - -

Other - - -

Drugs of abuse testing (0.1)% (0.7)% 0.6%

Hurricanes (0.5)% (0.5)% -

Continuing Operations

Nine Months Ended

September 30, 2008

Consolidated Revenue

Revenue Volume per

Growth Growth Requisition

Reported: 10.4% 3.7% 6.5%

Impact on comparisons

to prior year of:

Acquisitions:

AmeriPath 6.8% 3.2% 4.0%

Other 0.2% - -

Drugs of abuse testing (0.1)% (0.8)% 0.6%

Hurricanes (0.2)% (0.2)% -

6) During the third quarter of 2008, the Company and NID, a former test kit manufacturing subsidiary of the Company, reached an agreement in principle with the United States Attorney's Office to settle the previously disclosed federal government investigation involving NID and the Company regarding NID test kits and tests performed using those test kits.

The agreement in principle provides for a comprehensive settlement of federal claims. As part of the agreement, NID, which was closed in 2006, is expected to enter a guilty plea to a single count of felony misbranding. The terms of th
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SOURCE Quest Diagnostics Incorporated
Copyright©2008 PR Newswire.
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