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Market Overview

Recap: Laboratory Corp Q4 Earnings

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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

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

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.

 

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