Quest Diagnostics (DGX) jumped 12% after raising the low end of its full-year earnings forecast and boosting its dividend by 70%. The company also said CEO Surya N. Mohapatra will be leaving the company within the next six months.
Quest posted $1.18 per share in third quarter earnings after excluding restructuring and integration charges, 7 cents ahead of analysts’ expectations.
The company also said it is increasing the low end of its full-year EPS guidance to $4.30 per share from $4.25. The board also increased the quarterly dividend to 17 cents per share from 10 cents per share.
Mohapatra will step down within the next six months after serving as CEO and Chairman for seven years, and the board has already begun to seek his successor.
No comments:
Post a Comment