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SMALL BUSINESS
Quest Diagnostics will maintain 2009 forecasts
AP
MADISON, N.J. -Medical laboratory operator Quest Diagnostics Inc. said Monday it is backing its full-year profit and revenue forecasts.
Quest said it will back its profit forecast of $3.80 to $3.85 per share at a health care conference Wednesday morning. It will also maintain its forecast for revenue growth of about 3 percent, which suggests total revenue of around $7.47 billion.
Thomson Reuters says analysts are expecting a profit of $3.86 per share and $7.48 billion. Quest raised its profit guidance to its current levels on Oct. 20. Since then, analysts have raised their profit estimates by 7 cents per share.
In aftermarket trading, Quest stock slipped 2 cents to $56.11. During the day, shares rose 20 cents to $56.13.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-02 17:29:35
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