LabCorp Announces 2018 Second Quarter Results and Updates 2018 Guidance
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Lab Corp. (LH) Tops Q2 EPS by 4c, Revenues Beat; Offers FY18 EPS Outlook
July 25, 2018 6:57 AM EDTLab Corp. (NYSE: LH) reported Q2 EPS of $2.98, $0.04 better than the analyst estimate of $2.94. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.85 billion.
Q2 revenue of $2.9 billion, up 13% over $2.5 billion last yearQ2 diluted EPS of $2.27, up 28% from $1.78 last year; Q2 adjusted EPS of $2.98, up 23% over $2.43 last yearQ2 free cash flow of $280 million, up 16% over $241 million last year2018 adjusted EPS guidance of $11.35 to $11.65, up 23% to 26% over 20172018 free cash flow guidance of $1.1 billion to $1.2 billionWe delivered another quarter of strong growth and disciplined capital... More
