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Labcorp lifts annual profit forecast on strong diagnostic test demand
Reuters· 2025-10-28 10:52
Core Insights - Labcorp raised its annual profit forecast and exceeded estimates in the third quarter due to strong demand for its diagnostic tests [1] Company Performance - The laboratory operator reported better-than-expected results for the third quarter, indicating robust performance in its diagnostic testing segment [1] Financial Outlook - Labcorp's adjustment of its annual profit forecast suggests confidence in continued demand and operational efficiency moving forward [1]
Quest Diagnostics raises annual profit and revenue forecasts on lab test demand
Reuters· 2025-10-21 11:16
Core Insights - Quest Diagnostics has raised its full-year profit and revenue forecast due to strong demand for its diagnostic tests [1] Company Summary - The company is experiencing robust demand for its diagnostic tests, which has led to an optimistic revision of its financial outlook for the year [1]
Quest Diagnostics Raises Outlook, But Warns Of Tariff And Medicare Act Risks
Benzinga· 2025-07-22 17:10
Core Viewpoint - Quest Diagnostics Inc. delivered strong second-quarter results for 2025, exceeding analyst expectations, which led to an upward revision of its full-year guidance. However, the company highlighted potential challenges from ongoing tariffs and the financial impact of the Protecting Access to Medicare Act (PAMA) if not deferred [1][5]. Financial Performance - For Q2 2025, Quest Diagnostics reported sales of $2.76 billion, a 15.2% year-over-year increase, surpassing the consensus estimate of $2.73 billion. Adjusted earnings per share reached $2.62, up 11.5%, also exceeding the consensus of $2.58 [2]. - Adjusted operating income increased by 17.3% to $466 million, with a slight margin improvement from 16.6% to 16.9%. Revenue per requisition decreased by 0.4%, while requisition volume increased by 16.3% and organic requisition volume improved by 2.1% [4]. Guidance and Outlook - The company revised its 2025 revenue guidance from $10.70 billion-$10.85 billion to $10.80 billion-$10.92 billion, compared to the consensus of $10.79 billion. Adjusted earnings guidance was updated to $9.63-$9.83, up from the previous $9.55-$9.80, and above the consensus of $9.70 [6]. Market Sentiment - Investment firm William Blair expressed confidence in Quest Diagnostics, noting its predictable revenue and earnings growth. The firm reiterated its Outperform rating, with shares trading at 16 times expected earnings over the next 12 months, slightly above the 10-year average of 15 times [7]. Stock Performance - Following the strong results and raised outlook, DGX stock rose by 6.19% to $176.75 [8].
Eurobio Scientific: EB Development rises above 90% threshold
Globenewswire· 2025-05-19 17:16
Core Insights - EB Development has acquired over 90% of Eurobio Scientific's share capital, reaching 90.01% ownership [2][3] Company Overview - Eurobio Scientific is a prominent player in in vitro diagnostics, focusing on transplantation, immunology, and infectious diseases [4] - The company provides diagnostic tests and dedicated reagents for research laboratories, including pharmaceutical and biotechnology firms [4] - Eurobio Scientific operates with approximately 320 employees and has production units in the Paris region, Germany, the Netherlands, and the USA, along with subsidiaries in several European countries [4] Shareholder Information - The main shareholders of Eurobio Scientific include IK Partners, NextStage AM, and its directors Jean-Michel Carle and Denis Fortier [5] - Eurobio Scientific's shares are listed on Euronext Growth Paris and are part of various indices, including Euronext Growth BPI Innovation and Next Biotech [5]