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

ents of Operations

For the Three and Nine Months Ended September 30, 2008 and 2007

(in millions, except per share and percentage data)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Net revenues $1,826.6 $1,767.0 $5,449.1 $4,934.4

Operating costs and

expenses:

Cost of services 1,073.1 1,026.6 3,215.2 2,927.1

Selling, general and

administrative 428.2 424.3 1,301.3 1,204.2

Amortization of

intangible assets 8.8 8.8 28.0 18.7

Other operating

(income) expense, net (0.4) 1.3 (0.7) 5.1

----- --- ----- ---

Total operating costs

and expenses 1,509.7 1,461.0 4,543.8 4,155.1

------- ------- ------- -------

Operating income 316.9 306.0 905.3 779.3

Other income (expense):

Interest expense, net (43.1) (58.7) (136.1) (124.4)

Minority share of

income (8.6) (6.6) (23.5) (19.1)

Equity earnings in

unconsolidated joint

ventures 7.5 6.6 23.1 20.1

Other income

(expense), net (12.4) 0.5 (12.9) 2.8

------ --- ------ ---

Total non-operating

expenses, net (56.6) (58.2) (149.4) (120.6)

------ ------ ------- -------

Income from continuing

operations before

taxes 260.3 247.8
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SOURCE Quest Diagnostics Incorporated
Copyright©2008 PR Newswire.
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