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Quest Diagnostics Reports First Quarter 2013 Financial Results
Date:4/17/2013

ts of Operations," and "Quantitative and Qualitative Disclosures About Market Risk" in the company's 2012 Annual Report on Form 10-K and other factors discussed in the company's Current Reports on Form 8-K.

This earnings release, including the attached financial tables, is available online in the Newsroom section at www.QuestDiagnostics.com.

TABLES FOLLOWQuest Diagnostics Incorporated and SubsidiariesConsolidated Statements of OperationsFor the Three Months Ended March 31, 2013 and 2012 (in millions, except per share and percentage data)

(unaudited)Three Months Ended March 31,20132012Net revenues$

1,786.6$

1,908.7Operating costs and expenses:Cost of services

1,091.81,109.2Selling, general and administrative

447.9483.3Amortization of intangible assets

19.318.8Other operating expense (income), net

0.6(0.4)Total operating costs and expenses

1,559.61,610.9Operating income227.0297.8Other income (expense):Interest expense, net

(39.9)(42.1)Equity earnings in unconsolidated joint ventures

6.17.6Other income, net

3.44.8Total non-operating expenses, net

(30.4)(29.7)Income from continuing operations before taxes196.6268.1Income tax expense73.3102.6Income from continuing operations123.3165.5Income from discontinued operations, net of taxes20.33.0Net income143.6168.5Less: Net income attributable to noncontrolling interests7.89.4Net income attributable to Quest Diagnostics$

135.8$

159.1Amounts attributable to Quest Diagnostics' common stockholders:Income from continuing operations

$

115.5$

156.1Income from discontinued operations, net of taxes

20.33.0Net income

$

135.8$

159.1Earnings per share attributable to Quest Diagnostics' common stockholders - basic:Income from continuing operations

$

0.73$

0.98Income fr
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SOURCE Quest Diagnostics Incorporated
Copyright©2012 PR Newswire.
All rights reserved

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