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NEW YORK – Quest Diagnostic said on Monday that it expects Q2 2020 revenues to be approximately $1.83 billion, down roughly 6 percent year-over-year but above the consensus Wall Street estimate of $1.5 billion

The company said that the better-than-expected revenues reflected a "stronger than forecasted recovery in base testing volumes… as well as growing demand for COVID-19 testing services."

Total test volume for the quarter is expected to be down by roughly 18 percent year-over-year, with test volume excluding SARS-CoV-2 testing down around 34 percent versus Q2 2019.

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