Financial Results, Investor Meeting Schedule, Dividend Declaration, and Technical Updates - Research Reports on Quest, Abaxis, Charles River Laboratories, PerkinElmer and Covance
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, July 30, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Quest Diagnostics Inc. (NYSE: DGX), Abaxis, Inc. (NASDAQ: ABAX), Charles River Laboratories International, Inc. (NYSE: CRL), PerkinElmer Inc. (NYSE: PKI) and Covance Inc. (NYSE: CVD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5259-100free.
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Quest Diagnostics Inc. Research Reports
On July 24, 2014, Quest Diagnostics Inc. (Quest) reported its Q2 2014 financial results with revenues from continuing operations of $1.9 billion, up 4.8% YoY. Adjusted income from continuing operations were $157 million, or $1.08 per diluted share, compared to $164 million, or $1.06 per diluted share in Q2 2013. "Quest Diagnostics grew revenues 5% and increased EPS 2%, as we continued to make good progress executing our strategy, and as underlying trends improved for pricing and volume," said Steve Rusckowski, President and CEO of Quest. "We saw strong testing growth in infectious disease, prescription drug monitoring and general health and wellness, and launched our OncoVantage solid tumor cancer panel through an exclusive relationship with Memorial Sloan Kettering Cancer Center. We are on track to meet our commitments for 2014." The Company now anticipates full year 2014 revenue to grow 2.5% to 3.5% YoY and full year 2014 adjusted diluted EPS in the range of $4.00 to $4.10. The full research reports on Quest are available to download free of charge at:
http://www.analystsreview.com/Jul-30-2014/DGX/report.pdf
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Abaxis, Inc. Research Reports
On July 24, 2014, Abaxis, Inc. (Abaxis) reported its Q1 FY 2015 financial results (period ended June 30, 2014). The Company reported total revenues of $47.5 million, up 10.0% YoY. Income from operations totaled $7.4 million, up 60.5% YoY. Net Income increased to $4.7 million during the quarter from $3.2 million in Q1 FY 2014. Diluted EPS were $0.21, up 50.0% YoY. Clint Severson, Chairman, President and CEO of Abaxis, said, " As a result of our strategic initiatives to work more closely with our distribution partners, we were able to produce strong revenue growth for the first quarter, led by 20% growth in medical sales and a solid 8% growth in veterinary sales. We had strong unit sales of chemistry analyzers, with sales of VetScan VS2s increasing 30% and Piccolo Xpress increasing 20% during the quarter over last year's comparable quarter." The Company announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share, payable on September 17, 2014 to shareholders of record as of the close of the business on September 3, 2014. The full research reports on Abaxis are available to download free of charge at:
http://www.analystsreview.com/Jul-30-2014/ABAX/report.pdf
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Charles River Laboratories International, Inc. Research Reports
On July 24, 2014, Charles River Laboratories International, Inc. (Charles River Laboratories) announced that it has scheduled a meeting for the investment community with its management team on August 12, 2014, Tuesday in New York. According to Charles River Laboratories, the Investors and the general public are invited to listen to a live webcast of the meeting at 8:30 a.m. EDT. The Company's management will provide an overview of its business and strategic focus. A live webcast of the meeting as well as its replay version will be accessible through the Company's website. The full research reports on Charles River Laboratories are available to download free of charge at:
http://www.analystsreview.com/Jul-30-2014/CRL/report.pdf
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PerkinElmer Inc. Research Reports
On July 24, 2014, PerkinElmer Inc. announced that its Board of Directors has declared a regular quarterly dividend in the amount of $0.07 per share of common stock . The dividend is payable on November 7, 2014, to all shareholders of record at the close of the business on October 17, 2014. The full research reports on PerkinElmer are available to download free of charge at:
http://www.analystsreview.com/Jul-30-2014/PKI/report.pdf
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Covance Inc. Research Reports
On July 25, 2014, Covance Inc. stock increased 0.27% to end the day at $86.89 compared to the previous day's closing price of $86.66. The Company's stock increased 0.58% during the past one trading month, compared to the Dow Jones Industrial Average, which rose 0.55% and compared to Standard & Poor's 500, which increased 0.96% during the same period. The full research reports on Covance are available to download free of charge at:
http://www.analystsreview.com/Jul-30-2014/CVD/report.pdf
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