Quest Diagnostics quarterly profit rises more than three-fold By Reuters


© Reuters.

(Reuters) – Major U.S. laboratory Quest Diagnostics (NYSE:) Inc posted a 241% rise in second-quarter profit on Thursday, as vaccine rollouts and a drop in COVID-19 cases spurred a recovery in its core non-coronavirus testing businesses.

Net income attributable to the company rose to $631 million, or $4.96 per share, in the second quarter ended June 30, from $185 million, or $1.36 per share, a year earlier.

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