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Stock impact report

Quest, which has conducted 800,000 COVID-19 tests, to furlough some workers [MarketWatch]

Quest Diagnostics Incorporated (DGX) 
Last quest diagnostics incorporated earnings: 4/22 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.questdiagnostics.com
Company Research Source: MarketWatch
Shares of Quest Diagnostics Inc. were up 1.6% in pre-market trading on Tuesday after the diagnostics company said Monday it will let go of temporary workers, the CEO and some workers will take pay cuts, and other workers will be furloughed. Quest has performed 800,000, or 40%, of the nation's COVID-19 testing among commercial laboratories; however, the volume of the other medical tests it conducts sunk 40% during the last two weeks of March as Americans stayed home and avoided going to the doctor. Quest makes testing for a range of conditions and diseases, including some cancers, Alzheimer's disease and other neurological conditions, and women's health. About 4,000 colleagues, or 9% of its employee base, have been furloughed, the company said in a letter on April 13. Quest said that it plans to offer antibody testing. The company's stock is down 19.1% year-to-date, while the S&P 500 has declined 14.5%. Show less Read more
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