financetom
Business
financetom
/
Business
/
Labcorp beats quarterly estimates on diagnostic test demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Labcorp beats quarterly estimates on diagnostic test demand
Nov 2, 2024 4:36 AM

(Reuters) - Laboratory operator Labcorp ( LH ) on Thursday beat Wall Street estimates for third-quarter profit and revenue, helped by demand for diagnostic tests.

Diagnostic checkups have risen in recent quarters as more people, especially older adults, caught up on surgeries deferred during the pandemic.

The company, however, cut the top-end of its 2024 adjusted profit forecast to $14.70 per share from $14.90, due to an about 15 cent impact from weather-related disruptions, keeping the low-end at $14.30.

Analysts on average see profit for the period to be $14.56 per share, according to data compiled by LSEG.

The company's sales rose 7.4% to $3.28 billion from a year earlier, beating analysts' average estimate of $3.26 billion.

On an adjusted basis, Labcorp ( LH ) reported a third-quarter profit of $3.50 per share, above estimates of $3.48 per share.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alphabet's YouTube Reportedly Added to Australia's Social Media Ban for Teens
Alphabet's YouTube Reportedly Added to Australia's Social Media Ban for Teens
Jul 30, 2025
05:42 AM EDT, 07/30/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) YouTube ( GOOG ) will be included in Australia's upcoming social media ban for children under 16 years, starting in December, multiple news outlets reported Wednesday, citing statements from the company and Australian officials. The ban will reportedly also cover TikTok, Instagram, Facebook, X, and Snapchat, and will prevent teenagers...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Telefonica Q2 Earnings, Revenue Fall
Telefonica Q2 Earnings, Revenue Fall
Jul 30, 2025
05:41 AM EDT, 07/30/2025 (MT Newswires) -- Telefonica ( TEF ) reported Q2 earnings Wednesday of 0.07 euro ($0.08) per share, down from 0.11 euro a year earlier. An analyst polled by FactSet expected 0.09 euro. Revenue for the quarter ended June 30 was 8.95 billion euros, compared with 9.3 billion euros a year earlier. Analysts surveyed by FactSet expected...
Canada's Tamarack Valley Energy posts higher Q2 production 
Canada's Tamarack Valley Energy posts higher Q2 production 
Jul 30, 2025
Overview * Tamarack Q2 production hits record 70,260 boe/d, up 19% YoY * Adjusted funds flow per share at C$0.39, free funds flow at C$0.26 * Co completes C$51.5 mln acquisition, boosting Clearwater production Outlook * Tamarack raises 2025 production guidance by 3% to 67,000-69,000 boe/d * Company reduces 2025 capital spending guidance by 7% * Net production expense guidance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved