Posted by: Market Watch in Market Information 1 hour in the past Shares of Quest Diagnostics Inc. rose 0.7% in premarket buying and selling
Shares of Quest Diagnostics Inc. rose 0.7% in premarket buying and selling Wednesday, after the medical lab testing firm raised its full-year revenue, income and money movement outlook, as COVID-19 molecular testing volumes have been “considerably larger” than what was anticipated in late October. The corporate mentioned it now expects 2020 adjusted earnings per share of “not less than” $10.75, in contrast with its earlier steering vary of $9.00 to $10.00 and the FactSet consensus of $10.01. The corporate now expects income of “not less than” $9.35 billion versus the earlier estimate of $8.Eight billion to $9.1 billion and the FactSet consensus of $9.11 billion. Money supplied by operations is predicted to be “not less than” $1.95 billion in contrast with the earlier estimate of “not less than” $1.75 billion. The inventory has rallied 16.6% yr so far by way of Tuesday, whereas the SPDR Well being Care Choose Sector ETF has superior 10.0% and the S&P 500 has climbed 14.4%.Market Pulse Tales are Speedy-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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