Labcorp Narrows FY24 Outlook Range - Update

RTTNews | 444 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 | 741 days ago
Indonesia Stock Market Due For Consolidation

Indonesia Stock Market Due For Consolidation

The Indonesia stock market has moved higher in five straight sessions, gathering almost 180 points or 2.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,050-point plateau although it's expected to open under pressure on Monday.
RTTNews | 17 minutes ago
Hong Kong Shares May Open Under Pressure

Hong Kong Shares May Open Under Pressure

The Hong Kong stock market has moved higher in two straight trading days, collecting almost 250 points or 1 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau although it may spin its wheels on Monday.
RTTNews | 32 minutes ago
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has moved higher in back-to-back sessions, gathering more than 15 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 3,510-point plateau although it may be stuck in neutral on Monday.
RTTNews | 47 minutes ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is modestly lower on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,600.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 47 minutes ago
Soft Start Anticipated For Taiwan Stock Market

Soft Start Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, collecting almost 400 points or 1.8 percent in that span. The Taiwan Stock Exchange now sits just above the 22,750-point plateau although it may open to the downside on Monday.
RTTNews | 1h 17min ago
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