![]() ![]() Full-year revenues also declined by 8.4% from 2021, totaling $9.88 billion. Despite the drop in revenues, the company's base business revenues grew more than 6% in the fourth quarter, and 5% for the full year, which is a positive sign for the company. The company reported a decline of 15% in its fourth-quarter revenues, which came in at $2.33 billion compared to the same period in 2021. Quest Diagnostics, the world's leading provider of diagnostic information services, announced its financial results for the fourth quarter and full year that ended December 31, 2022. The company's focus on innovation, quality, and customer service has earned them recognition as a leader in the diagnostic testing industry. The company's focus is to improve patient health and enable better healthcare outcomes through diagnostic insights. The company's services include routine blood tests, infectious disease testing, genetic testing, and drug testing, among others. Quest Diagnostics operates through a network of more than 2,200 patient service centers and laboratories in the United States, providing a comprehensive range of diagnostic testing and information services to patients, physicians, hospitals, and other healthcare providers. The company was founded in 1967 and is headquartered in Secaucus, New Jersey. ![]() Quest Diagnostics Incorporated is a leading provider of diagnostic testing, information, and services in the United States. ![]() However, the company is also exposed to a number of risks, including increasing competition, potential regulatory changes, and ongoing uncertainties related to the pandemic. Looking ahead, Quest Diagnostics is well-positioned to benefit from ongoing trends in the healthcare industry, particularly in the areas of personalized medicine and population health management. The company's valuation metrics are generally in line with industry peers, suggesting that it may be fairly valued. While Quest Diagnostics Incorporated's ( NYSE: DGX) profitability margins have been affected in the short term, the company remains financially stable with solid cash flow from operations. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |