Lab Corp. (LH) Tops Q1 EPS by 13c
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LabCorp Announces Strong 2018 First Quarter Results and Updates 2018 Guidance
April 25, 2018 7:00 AM EDTEffective January 1, 2018, the Company adopted the new revenue recognition accounting standard (ASC 606) and restated financial results for 2016 and 2017. Unless otherwise indicated, all financial results in 2017 and comparisons to financial results in 2017 have been restated in these bullets and this press release as if the Company had adopted ASC 606 on January 1, 2017. See Adoption of ASC 606 below for additional details Q1 revenue of $2.8 billion, up 18% over $2.4 billion last year Q1 diluted EPS of $1.67, down 5% from $1.75 last year; Q1 adjusted EPS of $2.78, up 31% over $2.13 last year 2018 adjusted... More
