Labcorp Narrows FY24 Outlook Range - Update

RTTNews | 9 days ago
Stocktwits
Labcorp Narrows FY24 Outlook Range - Update

(RTTNews) - 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.

For the fiscal 2024, the company now projects adjusted earnings in a range of $14.45 to $15.35 per share on revenue growth of 4.8 to 6.4 percent.

Previously, the company expected adjusted earnings in the range of $14.30 to $15.40 per share on revenue growth of 4.7 to 6.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $14.82 per share on revenue growth of 4.9 percent to $12.76 million for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: LH
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Labcorp Completes Spin-off Of Fortrea

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.
RTTNews | 306 days ago
TSX Ends On Firm Note

TSX Ends On Firm Note

The Canadian market ended on a firm note on Friday on easing concerns about the outlook for Fed interest rates after data showed a slowdown in U.S. employment growth.
RTTNews | 1 day ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday, after staying positive right through the day's session thanks to some encouraging earnings updates, and easing worries about the outlook for interest rates.
RTTNews | 1 day ago
Canadian Market Firmly Up In Positive Territory

Canadian Market Firmly Up In Positive Territory

The Canadian market is modestly higher in late morning trades on Friday, lifted by gains in healthcare, real estate, communications and utilities sectors. Strong results from iPhone maker Apple Inc., and slightly easing concerns about the outlook for interest rates after the latest batch of economic data from the U.S. help underpin sentiment.
RTTNews | 1 day ago
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