Lab Corp. (LH) Tops Q1 EPS by 41c, Withdraws FY20 Guidance
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EPS Growth %: -8.6%
Financial Fact:
Other, net: -5.6M
Today's EPS Names:
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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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