Laboratory Corp. Of America Holdings

NYSE:LH   3:59:45 PM EDT
276.19
-0.89 (-0.32%)
Other Pre-Announcement

Labcorp Announces 2021 First Quarter Results

Published: 04/29/2021 11:41 GMT
Laboratory Corp. Of America Holdings (LH) - Labcorp Announces 2021 First Quarter Results.
Q1 Earnings per Share $7.82.
Sees FY Adjusted Earnings per Share $20.00 to $24.00.
Q1 Adjusted Earnings per Share $8.79.
Q1 Revenue $4.2 Billion.
Labcorp - Full Year 2021 Guidance Revenue Raised to 2.0% to 6.5%.
Labcorp - Qtrly 45.0% Increase in Organic Revenue Includes a 32.9% Contribution From Pcr and Antibody Testing.
Labcorp - Sees FY Free Cash Flow Raised to $1.8 Billion to $2.0 Billion.
Labcorp - Diagnostics Revenue for Quarter Was $2.76 Billion, an Increase of 62.0% Over $1.70 Billion in Q1 of 2020.
Labcorp - Drug Development Revenue for Quarter Was $1.44 Billion, an Increase of 25.7% Over $1.14 Billion in Q1 of 2020.
Labcorp - Raising Its 2021 Full Year Guidance to Reflect Improved Recovery in Diagnostics and Drug Development Base Businesses.
Q1 Earnings per Share View $7.43, Revenue View $3.91 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $21.32, Revenue View $14.25 Billion -- Refinitiv Ibes Data (analyst estimates).