LabCorp Analysts Boost Their Forecasts After Better-Than-Expected Earnings
LHLabcorp(LH) Benzinga·2024-08-02 23:31

Labcorp Holdings Inc LH reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates on Thursday.Laboratory Corp reported second-quarter 2024 adjusted EPS of 3.94,upfrom3.94, up from 3.42 a year ago, beating the consensus of 3.78.Salesincreased6.23.78. Sales increased 6.2% year-over-year to 3.22 billion, beating the consensus of 3.19billion.DiagnosticsLaboratoriesrevenueforthequarterwas3.19 billion.Diagnostics Laboratories revenue for the quarter was 2.52 billion, an increase of 7.9%. Biopharma Laboratory Services revenue increased 1.1% ...