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“April 21, 1997 Intelligence: Late Breaking Lab News”

Quest Diagnostics Incorporated reported quarterly earnings last week. It is the first look at the financial performance of the newly-independent spin off from Corning Incorporated. The company reported net income of $4.0 million on revenues of $388.1 million. Revenues declined 3.3% from same quarter last year. This indicates that revenue erosion still continues.

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