Quest Diagnostics raises annual profit and revenue forecasts on lab test demand
1. Quest Diagnostics raises full-year profit and revenue forecast. 2. Demand for diagnostic tests drives positive outlook.
FAQ
Why Bullish?
Increased profit forecasts suggest strong operational performance, positively affecting shareholder confidence.
How important is it?
The improvement in profit forecast may attract investors to DGX given historical correlations with similar trends.
Why Short Term?
Positive results from increased demand may reflect in immediate stock price movements, similar to past earnings beats.