Quest Weathers Near-Term Price Pressure, but Long-Term Prospects Remain Positive
While the market drove shares lower, we’re holding steady on our fair value estimate as Quest Diagnostics posted second-quarter results that generally lined up with our expectations on the top and bottom lines. Acquisitions contributed 200 basis points to solid quarterly volume gains, but we were less impressed with the anemic organic volume and revenue-per requisition growth. The latter reflected major PAMA-related cuts to Medicare reimbursements, as well as a mix shift to accommodate lower-mar...Quest Diagnostics provides diagnostic information services. The company's diagnostic information segment provides information based on the menu of routine, non-routine and clinical testing and anatomic pathology testing, and other diagnostic information services. The company's testing capabilities, includes services for the predisposition, diagnosis, treatment and monitoring of cancers and other diseases, and provides tests in several fields, including endocrinology, immunology, neurology and oncology. The company's diagnostic solutions provides risk assessment services for the life insurance industry, as well as provides healthcare organizations and clinicians health information technology solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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