LabCorp Announces 2019 First Quarter Results and Increases 2019 Earnings Guidance
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Lab Corp. (LH) Tops Q1 EPS by 9c, Revenues Miss; Raises FY19 EPS Guidance Above Consensus
April 30, 2019 7:08 AM EDTLab Corp. (NYSE: LH) reported Q1 EPS of $2.62, $0.09 better than the analyst estimate of $2.53. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.83 billion.
Q1 revenue of $2.79 billion, down 2% from $2.85 billion last yearQ1 diluted EPS of $1.86, up 11% from $1.67 last year; Q1 adjusted EPS of $2.62, down 6% from $2.78 last year2019 adjusted EPS guidance increased to $11.05 to $11.45, from $11.00 to $11.402019 free cash flow guidance of $950 million to $1.05 billion, unchanged from prior guidanceDuring the quarter we delivered strong performance in both businesses, translating into... More
