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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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Sensex, Nifty Marginally Higher In Early Trade
Indian shares were marginally higher on Wednesday despite rising oil prices and weak cues from global markets.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.
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Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields
Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.
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Win Streak May End For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.
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