Quest beats quarterly estimates on strong diagnostic test demand
Jan 30 (Reuters) - Laboratory operator Quest Diagnostics DGX.N beat Wall Street estimates for fourth-quarter profit and revenue on Thursday, helped by a robust appetite for its diagnostic tests.
The company expects an annual revenue between $10.70 billion and $10.85 billion, above analysts' average estimate of $10.67 billion, according to data compiled by LSEG.
Quest expects its 2025 adjusted profit to be in the range of $9.55 to $9.80 per share, compared with estimates of $9.75 per share.
CEO Jim Davis said the outlook for 2025 reflects continuing robust healthcare demand trends, and momentum from acquisitions completed in 2024.
Demand for diagnostic tests has grown in recent quarters as more people, especially older adults, caught up on procedures after the pandemic.
The company completed a C$1.35 billion ($936.46 million)takeover of Canada-based LifeLabs in August, which deepened its presence in the Canadian market.
New Jersey-based Quest's fourth-quarter sales rose 14.5% to $2.62 billion, beating estimates of $2.58 billion.
On an adjusted basis, Quest's profit of $2.23 per share in the quarter ended Dec. 31 was above estimates of $2.19.
($1 = 1.4416 Canadian dollars)
Related Articles
Understanding Token Burning: Why Crypto Projects Destroy Their Own Coins
Token burning is the permanent removal of cryptocurrency from circulation, similar to stock buybacks in traditional finance. Tokens are sent to a “burn address” or “blackhole address” — wallets with no private key access — making them unrecoverable and unusable.
Warren Buffett Q2 2025 13F Analysis: Betting on UnitedHealth Again After 14 Years
TradingKey - In Q2 2025, the value of Berkshire Hathaway’s investment portfolio declined from $259.8 billion in Q1 to $257.5 billion, a decrease of 0.89%. Analysis indicates that this drop is primarily driven by a net capital outflow of 0.78%. The outflow may be linked to changing market conditions
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
U.S. July CPI Commentary: Obstacles Cleared, Where Will U.S. Stocks Go Next?
TradingKey - On 12 August 2025, the United States released its Consumer Price Index (CPI) data for July. In terms of headline inflation, the CPI rose by 2.7% year-on-year in the month, slightly lower than the expected 2.8%. However, core CPI climbed 3.1% year-on-year, edging past the projected 3.0%.
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
