Laboratory Corp (NYSE:LH) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Earnings

Laboratory Corp beat estimated earnings by 2.17%, reporting an EPS of $6.11 versus an estimate of $5.98.

Revenue was down $262.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.98 which was followed by a 2.1% drop in the share price the next day.

Here's a look at Laboratory Corp's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Laboratory Corp management provided guidance for FY 2022, expecting earnings between $18.25 and $21.0 per share.

To track all earnings releases for Laboratory Corp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.