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Shares of Laboratory Corp (NYSE:LH) moved higher by 2.0% in pre-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share rose 269.23% year over year to $10.56, which beat the estimate of $8.11.
Revenue of $4,490,000,000 rose by 52.05% year over year, which beat the estimate of $3,950,000,000.
Outlook
Laboratory Corp hasn't issued any earnings guidance for the time being.
Laboratory Corp hasn't issued any revenue guidance for the time being.
Conference Call Details
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Date: Feb 11, 2021
Time: 09:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/7kic6pr8
Technicals
Company's 52-week high was at $237.88
52-week low: $98.02
Price action over last quarter: Up 14.71%
Company Description
Laboratory Corporation of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing. With the addition of Covance, LabCorp also has a sizable footprint in the global contract research organization market.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.