Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Quest Diagnostics Inc. DGX, -1.84% said Tuesday its third-quarter profit dropped by 12.2% to $225 million, or $1.96 a share, from $256 million, or $2.17 a share, in the year-ago quarter. Adjusted third-quarter profit fell to $2.22 a share from $2.36 a share, and beat the FactSet consensus estimate of $2.19 a share. Revenue at the medical products company dropped by 7.7% to $2.
295 billion, ahead of the analyst estimate of $2.269 billion. Looking ahead, Quest Diagnostics said it expects adjusted 2023 earnings of $8.65 to $8.75 a share, against the analyst estimate of $8.71 share, with revenue of $9.19 billion to $9.24 billion, compared to the Wall Street expectation of $9.18 billion. Quest Diagnostics stock was not trading in the pre-market. The stock is down about 22% in 2023, compared to a 9.8% gain by the S&P 500 SPX, -0.17%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
12′s Top 12: Week 10 BGC RankingsSee which teams made the cut in 12′s Top 12 for Week 10 of the 2023 high school football season!
Les mer »
Pac-12 rewind: Washington and Utah escape while Oregon and UCLA rollThe Huskies dodged a major upset thanks to a fourth-quarter Pick Six while Utah edged USC on a last-second field goal.
Les mer »
12 Best Cameos In The Spy Kids Movies, RankedWhile Spy Kids is best remembered for the leading pairs of children, multiple big-name actors made memorable cameos throughout the franchise.
Les mer »
Photos of Recruits Attending Ohio State's 20-12 Win over Penn StateOhio State had no shortage of recruits on campus for the Buckeyes' 20-12 win over Penn State and we've got more than 90 photos of prospects in attendance.
Les mer »
Big 12 Football Week 8: Oklahoma and Texas Both Survive ScaresThe Sooners and Longhorns each won, but it was closer than it should have been.
Les mer »
Young Seahawks fan to raise 12 flag, raise awareness for early cancer detectionLast October, Seattle Seahawks fan Gus was battling cancer. On Sunday, he will raise the 12th Man flag at the Hawks' home game as an honorary team captain.
Les mer »