Laboratory Corp. Reports Strong Q4 Earnings, Exceeding Expectations
Burlington, N.C. - Laboratory Corp. of America Holdings (LH) announced earnings of $143.4 million for the fourth quarter. The company's net income was $1.70 per share, with adjusted earnings at $3.45 per share. The results surpassed Wall Street estimates, with analysts predicting earnings of $3.40 per share.
Labcorp's revenue reached $3.33 billion, also exceeding forecasts of $3.31 billion. For the full year, the company reported a profit of $746 million ($8.84 per share) and revenue of $13.01 billion.
For the upcoming year, Labcorp projects earnings between $15.60 and $16.40 per share and revenue ranging from $13.88 billion to $14.05 billion.