SECAUCUS, N.J. (AP) _ Quest Diagnostics Inc. (DGX) on Thursday reported second-quarter net income of $631 million.
On a per-share basis, the Secaucus, New Jersey-based company said it had profit of $4.96. Earnings, adjusted for one-time gains and costs, were $3.18 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.87 per share.
The medical laboratory operator posted revenue of $2.55 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.39 billion.
Quest Diagnostics expects full-year earnings in the range of $10.65 to $11.35 per share, with revenue in the range of $9.54 billion to $9.79 billion.
Quest Diagnostics shares have climbed 14% since the beginning of the year, while the S&P's 500 index has risen 16%. The stock has climbed nearly 6% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DGX at https://www.zacks.com/ap/DGX
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