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Labcorp Guides FY23 Adj. EPS In Line With Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, life sciences company Labcorp (LH) initiated adjusted earnings and revenue growth guidance for the full-year 2023.
For the fiscal 2023, the company expects adjusted earnings in a range of $16.00 to $18.00 per share on revenue growth of about 1 to 4 percent.
On average, eight analysts polled by Thomson Reuters expect the company to report earnings of $17.65 per share on revenue growth of 0.5 percent to $15.01 million for the quarter. Analysts' estimates typically exclude special items.
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Labcorp Narrows FY24 Outlook Range - Update
While reporting financial results for the first quarter on Thursday, life sciences company Labcorp (LH) narrowed adjusted earnings and revenue growth guidance range for the full-year 2024.
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Labcorp Says FDA Grants EUA For Mpox PCR Test Home Collection Kit
Laboratory services provider Labcorp (LH) announced Wednesday the U.S. Food and Drug Administration (FDA) has granted Emergency Use Authorization (EUA) for its Mpox PCR Test Home Collection Kit.
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Labcorp Completes Spin-off Of Fortrea
Laboratory services company Labcorp (LH) announced Monday that it has completed the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, patient access and technology solutions to pharmaceutical and biotechnology organizations around the world.
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Canadian Market Modestly Higher In Cautious Trade
Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.
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U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated
Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
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U.S. Trade Deficit Narrows Substantially In April As Imports Plummet
Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.
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U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.
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German Manufacturing Orders Rise Unexpectedly
German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
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