NEW YORK (GenomeWeb) – Quest Diagnostics today posted a 7 percent rise in fourth quarter revenues, topping analysts' estimates and helping drive an increase in its net income.
Quest's revenues from continuing operations were $1.88 billion for the three-month period ended Dec. 31, compared with year-ago revenues of $1.76 billion. Analysts had expected revenues of $1.85 billion.
The company said revenues from diagnostic information services climbed 7 percent over last year, while test volume around 9 percent. Revenue per requisition was nearly 2 percent lower than a year ago.