Lab Corp. (LH) Tops Q1 EPS by 41c, Withdraws FY20 Guidance
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LabCorp Announces 2020 First Quarter Results
April 29, 2020 6:53 AM EDTQ1 revenue of $2.82 billion, up 1% over $2.79 billion last year Q1 diluted EPS of ($3.27), which include goodwill and other asset impairments of $4.43 per share Q1 adjusted EPS of $2.37, which were negatively impacted by an estimated $0.55 per share from the COVID-19 pandemic Q1 free cash flow of $97 million, up 36% over $72 million last year LabCorp withdraws 2020 guidance and temporarily suspends its share repurchase program due to the unpredictability of the ongoing COVID-19 pandemic LabCorp maintains a strong liquidity position and expects to deliver solid adjusted EPS and free cash flow in... More
