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Quest Diagnostics Q3 Profit Advances 7%

Quest Diagnostics (DGX) released earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line came in at $172 million, or $1.28 per share. This was up from $161 million, or $1.20 per share, in last year's third quarter.

The company said revenue for the quarter fell 1.1% to $1.88 billion. This was down from $1.90 billion last year.

Quest Diagnostics earnings at a glance:

-Earnings (Q3): $172 Mln. vs. $161 Mln. last year.
-Earnings Growth (Y-o-Y): 6.8%
-EPS (Q3): $1.28 vs. $1.20 last year.
-EPS Growth (Y-o-Y): 6.7%
-Revenue (Q3): $1.88 Bln vs. $1.90 Bln last year.
-Revenue Change (Y-o-Y): -1.1%

-Guidance:
Full year EPS guidance: $4.75 - $4.80
Full year revenue guidance: $7.49 Bln

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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