Lab Corp. (LH) Tops Q3 EPS by $3.16
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LabCorp Announces 2020 Third Quarter Results
October 27, 2020 6:45 AM EDTQ3 revenue of $3.9 billion, up from $2.9 billion last year Q3 diluted EPS of $7.17, up from $2.25 last year; Q3 adjusted EPS of $8.41, up from $2.90 last year Q3 free cash flow of $709 million, up from $363 million last year Due to improved current and expected future performance, LabCorp will return all money received from the CARES Act Provider Relief Funds Achieved significant innovative advancements and Emergency Use Authorizations for PCR COVID-19 testing including combined flu and COVID-19 tests, matrixed pooling, and heat extraction LabCorp reinstates its share repurchase... More
