Quest Diagnostics Reports Growth

Quest Diagnostics reported a profit for the first quarter of 2012, according to Dow Jones Newswires. The company reported a profit of $159.1 million, compared to a loss in 2011 of $53.9 million, Dow Jones says. Clinical testing revenue increased by 6.4 percent, with volume up 3.4 percent, Quest adds. "We saw strong growth in esoteric and advanced gene-based testing as a result of our focus on cancer, cardiovascular disease, infectious disease, and neurological disorders. In addition, we saw improved growth in routine testing," says CEO Surya Mohapatra in a statement. Stephen Rusckowski, CEO of Philips Healthcare, will be taking over Mohapatra's post in May.

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