Technical Analysis on Quest Diagnostics Inc. and Laboratory
Technical Analysis on Quest Diagnostics Inc. and Laboratory Corp. of America Holdings -- Medical Laboratories Facing Difficult Times
NEW YORK, NY -- (Marketwire) -- 10/29/12 -- The laboratories & research industry is currently battling headwinds that could persist well into 2013 and beyond. Government payments for medical testing look poised to drop, and with the economy still sputtering, consumers are taking a closer look at which tests they deem necessary. StBulls.com has initiated technical analysis on Quest Diagnostics Inc. and Laboratory Corp. of America Holdings which serves the Medical Laboratories & Research industry. These reports are free upon registration. Rest assured that there is no financial commitment to sign up on
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Despite the challenges, several companies have been able to turn in solid results. Laboratory Corp. of America Holdings had an encouraging 3rd quarter, with revenues climbing by 1.1% when compared to the same period last year. GAAP earnings per share were also up, climbing 17% year-over-year. Investors looking for technical analysis on Laboratory Corp. of America Holdings are encouraged to use the link below
Quest Diagnostics Inc. did not fare as well, as its revenue fell by 2.9% year-over-year while income from continuing operations was flat. Read our technical analysis on Quest Diagnostics Inc. by clicking on
With sales hard to come by, companies have been looking to cost-cutting initiatives and partnerships as ways to improve their bottom-line. Quest Diagnostics is a good example of this, as it newly teamed up with UMass Memorial Health Care to buy its clinical outreach laboratory.
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