Lab Corp. (LH) Tops Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS Guidance
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LabCorp Announces 2018 Fourth Quarter and Full Year Results and Provides 2019 Guidance
February 7, 2019 6:55 AM ESTRevenue: Q4 of $2.8 billion, up 2% over 2017; Full year of $11.3 billion, up 10% over 2017 Diluted EPS: Q4 of $1.56; Full year of $8.61 Adjusted EPS: Q4 of $2.52, up 11% over 2017; Full year of $11.02, up 20% over 2017 2019 Adjusted EPS guidance of $11.00 to $11.40 2019 Free Cash Flow guidance of $950 million to $1.05 billion Commenced phase II of LabCorp Diagnostics LaunchPad business process improvement initiative, expected to generate $200 million of additional net savings over the next three years Board... More
