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Why Quest Diagnostics Stock Jumped Today

TheMotleyFool

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Why Quest Diagnostics Stock Jumped TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Quest Diagnostics (NYSE: DGX) climbed 6.3% on Thursday after the medical testing giant boosted its full-year sales and profit forecast.

Quest's revenue decreased by 10% year over year to $2.5 billion in the third quarter. The decline was driven by a 55% drop in the company's COVID-19 testing sales.

However, Quest's base business revenue, which excludes COVID testing, grew by 5%.

Source Fool.com

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