In happy hour trading, they're down 5% to $21.40 after being down 3% during the day. People need to take a step back sometimes and ask whether the company is doing well.
- Revenues were up from 69.4m to 82.9m. That is pushing 20% up.
- Income before taxes was up about 12%.
- 4th quarter guidance is for revenues up 5% and income up 0 to 6%.
DGX announced their earnings this morning, Forbes wins contest for best headline. (Quest Diagnostics Not Feeling Well). In actuality they beat by a penny and guided the rest of the year inline. Their reward? Down 4.6%. Guess they're not the only ones not feeling well.