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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅŠ ๅ…ฅ March 2022
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QUEST DIAGNOSTICS $DGX Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $3.10B (Est. $3.05B) ๐ŸŸข; +10.0% YoY ๐Ÿ”น Adj. EPS: $3.00 (Est. $2.86) ๐ŸŸข; +15.4% YoY ๐Ÿ”น GAAP EPS: $2.78; +28.7% YoY Raises FY26 Guide: ๐Ÿ”น Revenue: $12.07B-$12.11B (Est. $12B) ๐ŸŸข ๐Ÿ”น Adj. EPS: $11.25-$11.35 (Est. $11.19) ๐ŸŸข ๐Ÿ”น GAAP EPS: $10.21-$10.31 ๐Ÿ”น Operating Cash Flow: ~$1.90B ๐Ÿ”น Capex: ~$550M Cash Flow: ๐Ÿ”น Operating Cash Flow: $611M; +8.8% YoY ๐Ÿ”น Capex: $166M; +15.0% YoY Other Q3 Metrics: ๐Ÿ”น Adj. Oper Income: $517M (Est. $487M) ๐ŸŸข ๐Ÿ”น Adj. Oper Margin: 16.7% ๐Ÿ”น Requisition Volume: +14.5% YoY ๐Ÿ”น Organic Requisition Volume: +14.4% YoY ๐Ÿ”น Revenue per Requisition: -4.2% YoY Announcements: ๐Ÿ”น Quest laboratory test panels with over 50 biomarkers will be available through Apple Health later this year ๐Ÿ”น Definitive agreement to acquire select outreach lab assets from a leading health system in the Northeastern U.S. ๐Ÿ”น Launched a new AD-Detect test panel with pTau217, amyloid beta and APOE ๐Ÿ”น Advanced Project Nova to the solutions-build phase; first lab deployment expected in fall 2027 Comments: ๐Ÿ”ธ โ€œWith these growth trends and our strong performance, we are raising our revenue and EPS guidance for the full year.โ€
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