Laboratory Industry Report

For the first quarter of 2008, Quest Diagnostics pulled in $1.8 billion, which is up almost 17 percent over the first quarter of 2007. Clinical testing revenue—which account for 90 percent of the company’s total revenues—was up 17 percent compared to the previous year, with AmeriPath contributing 14 percent to this increase. Net income totaled almost $140 million, up 32 percent from $105.9 million a year ago.