Categories AlphaGraphs, Earnings, Other Industries
Quest falls 7% after missing estimates and lowering guidance for revenue
Quest Diagnostics Incorporated (DGX) dropped over 7% in mid-morning trade on Tuesday after its revenues for the third quarter of 2018 missed expectations. Earnings for the quarter came in line with estimates. As of 12:20 pm ET, the stock was down 6.7%.
Net revenues grew 1.8% to $1.88 billion from the same period last year. Net income attributable to Quest Diagnostics improved 32% to $213 million or $1.53 per share from the prior-year quarter. Adjusted EPS grew 25% to $1.68.

Diagnostic Information Services revenue rose 1.9%. Revenue per requisition declined 0.8% while requisition volume increased 2%.
Steve Rusckowski, Chairman, President and CEO said, “We grew revenues and continued to deliver strong earnings growth in the third quarter. We had a productive quarter, announcing three acquisitions and a Professional Lab Services agreement. We are updating our full-year revenue guidance to reflect lower than expected revenue performance this year, which has been affected in large part by industry headwinds we called out in the previous quarter. Looking ahead, our acquisition pipeline, along with our expanding health plan access, including UnitedHealthcare beginning January 1, position us well for growth in 2019.”
Quest revised its outlook for full-year 2018. The company lowered its revenue guidance to approx. $7.62 billion from the previous range of $7.70 billion to $7.74 billion. This reflects a revenue growth of around 3% versus the prior range of 4-4.5%.
Reported diluted EPS is now expected to come in between $5.57 and $5.64 versus the previous outlook of $5.50 to $5.64. Adjusted diluted EPS is expected to be $6.53 to $6.60 versus the prior outlook of $6.53 to $6.67.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
MU Earnings Preview: Strong Q2 results in cards amid growing AI demand
Micron Technology, Inc. (NASDAQ: MU) is uniquely positioned to capitalize on the AI wave sweeping the tech industry, leveraging its high-bandwidth-memory products designed for massive data processing tasks. The company
What to look for when FedEx (FDX) reports Q3 2025 earnings results
Shares of FedEx Corp. (NYSE: FDX) stayed green on Friday. The stock has dropped 14% over the past three months. The package delivery company is scheduled to report its third
Docusign (DOCU) Earnings: 4Q25 Key Numbers
Docusign, Inc. (NASDAQ: DOCU) reported total revenue of $776.3 million for the fourth quarter of 2025, up 9% year-over-year. Net income was $83.5 million, or $0.39 per share, compared to