Quest Diagnostics Boosts FY23 Adj. EPS, Revenue Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Wednesday, Quest Diagnostics Inc. (DGX) raised its adjusted earnings and revenue guidance for the full-year 2023.

For fiscal 2023, the company now projects earnings in a range of $7.52 to $7.92 per share and adjusted earnings in a range of $8.50 to $8.90 per share on net revenues between $9.12 billion and $9.22 billion.

Previously, the company expected earnings in the range of $7.52 to $8.02 per share and adjusted earnings in the range of $8.45 to $8.95 per share on net revenues between $8.93 billion and $9.08 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.69 per share on revenues of $9.06 billion for the year. Analysts' estimates typically exclude special items.

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