Lab Corp. (LH) Tops Q1 EPS by 6c; Boosts FY16 Outlook

Lab Corp. (NYSE: LH) reported Q1 EPS of $2.02, $0.06 better than the analyst estimate of $1.96. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.19 billion.

GUIDANCE:

Lab Corp. sees FY2016 EPS of $8.55-$8.95, versus $8.45 - $8.85 estimated prior and compared with the consensus of $8.71. Net revenue growth of 8.5% to 10.5% over 2015 net revenue of $8.51 billion, which includes the impact from approximately 40 basis points of negative currency. This is an increase from prior guidance of 7.5% to 9.5%, which included approximately 100 basis points of negative currency.

For earnings history and earnings-related data on Lab Corp. (LH) click here.

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