Lab Corp. (LH) Tops Q2 EPS by $1.58, Revenues Beat
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LabCorp Announces 2020 Second Quarter Results
July 28, 2020 6:49 AM EDTQ2 revenue of $2.8 billion, down (4%) from $2.9 billion last year Q2 diluted EPS of $2.37, up 23% from $1.93 last year; Q2 adjusted EPS of $2.57, down (12%) from $2.93 last year Q2 free cash flow of $272 million, up from $168 million last year Processed more than 8.5 million molecular COVID-19 tests to date, increased capacity to approximately 180 thousand tests per day, and delivering results on average in 2 to 3 days with faster results for hospitalized patients Granted Emergency Use Authorization for molecular COVID-19 pooled testing Enhanced global hybrid and virtual trials capabilities with acquisition of GlobalCare in... More
