Quest Diagnostics Reports Strong Revenue and Earnings Growth in First Qu...(2.4 8.8 Cash and cash eq...),Health

Cash and cash equivalents, beginning of period 167.6 149.6

Cash and cash equivalents, end of period $170.0 $158.4

Cash paid during the period for:

Interest $58.9 $20.3

Income taxes $24.8 $9.3

Notes to Financial Tables

1)The computation of basic and diluted earnings per common share is as

follows:

Three Months Ended

March 31,

2008 2007

Income from continuing operations $140.7 $107.5

Loss from discontinued operations (1.1) (1.6)

Net income available to common stockholders -

basic and diluted $139.6 $105.9

Weighted average common shares outstanding

- basic 194.1 193.4

Effect of dilutive securities:

Stock options, restricted common shares and

performance share units 1.7 1.9

Weighted average common shares outstanding -

diluted 195.8 195.3

Earnings per common share - basic:

Income from continuing operations $0.72 $0.56

Loss from discontinued operations - (0.01)

Net income $0.72 $0.55

Earnings per common share - diluted:

Income from continuing operations $0.72 $0.55

Loss from discontinued operations (0.01) (0.01)

Net incom
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