Lab Corp. (LH) Tops Q1 EPS by 41c, Withdraws FY20 Guidance

Lab Corp. (NYSE: LH) reported Q1 EPS of $2.37, $0.41 better than the analyst estimate of $1.96. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.74 billion.

Outlook for 2020:

Given the ongoing and rapidly changing nature of the COVID-19 pandemic, there is significant uncertainty regarding the duration and severity of the pandemic as well as any future government restrictions. As a result, the Company is withdrawing its 2020 financial guidance provided on February 13, 2020.

The Company has provided below some details on how COVID-19 is impacting LabCorp's performance and some of the actions LabCorp is taking to help mitigate this impact as well as details regarding LabCorp's liquidity.

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

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