Strong quarter for Quest Diagnostics
Quest Diagnostics, which recently opened an $80 million medical laboratory in Marlborough, slightly beat analysts’ expectations for earnings in the fourth quarter of 2014.
The Madison, N.J.-based company Thursday reported net earnings of $190 million for the quarter, which ended Dec. 31. Adjusted for one-time gains and costs, that amounted to $1.08 per share. Analysts surveyed by Zacks Investment Research had predicted $1.05 per share.
Revenue from continuing operations was $1.88 billion, surpassing the $1.85 billion Zacks said analysts had expected.
The quarterly revenue was 7.2 percent higher than the previous year, CFO Mark Guinan said.
For 2014, revenues from continuing operations increased 4 percent to $7.44 billion. The company said it expects revenue in 2015 to rise another 2 percent to 3 percent.
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