Laboratory Corporation of America® Holdings Announces 2016 Second Quarter Results and Raises 2016 Guidance
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LabCorp (LH) PT Raised to $155 at Evercore ISI
July 27, 2016 11:57 AM EDTEvercore ISI analyst Ross Muken reiterated a Buy rating and boosted his price target on Laboratory Corporation of America (NYSE: LH) to $155.00 (from $147.00) following results and the Sequenom deal.
Muken commented, "While the quarter did not go exactly as we had envisioned (notable CVD beat + better rev/req didnt yield as... More
Lab Corp. (LH) Tops Q2 EPS by 1c
July 27, 2016 6:57 AM EDTLab Corp. (NYSE: LH) reported Q2 EPS of $2.31, $0.01 better than the analyst estimate of $2.30. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.33 billion.
GUIDANCE:
Lab Corp. sees FY2016 EPS of $8.60-$8.95, versus the consensus of $8.79.
Sequenom Acquisition:
Laboratory Corp. and Sequenom, Inc. (Nasdaq: SQNM) announced that they have entered into a definitive agreement and plan of merger under which LabCorp would acquire all of the outstanding shares of Sequenom in a cash tender offer for $2.40 per... More
