Labcorp Announces 2021 First Quarter Results
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Lab Corp. (LH) Tops Q1 EPS by $1.36, Revenues Beat; Raises FY21 EPS Guidance
April 29, 2021 7:20 AM UTCLab Corp. (NYSE: LH) reported Q1 EPS of $8.79, $1.36 better than the analyst estimate of $7.43. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $3.91 billion.
Company Raises Full Year Guidance
Revenue: Q1 of $4.2 billion, up from $2.8 billion last yearDiluted EPS: Q1 of $7.82, up from ($3.27) last yearAdjusted EPS: Q1 of $8.79, up from $2.37 last yearFree Cash Flow: Q1 of $1.1 billion, up from $97 million last yearOpened automated clinical trial kit production facility in BelgiumFull Year 2021 Guidance: Revenue raised to 2.0% to 6.5%; Adjusted EPS raised to $20.00 to... More