Lab Corp. (LH) Tops Q2 EPS by 54c; Raises Outlook

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Go back to Lab Corp. (LH) Tops Q2 EPS by 54c; Raises Outlook

Labcorp Announces 2021 Second Quarter Results

July 29, 2021 7:01 AM EDT

Company Raises Full Year Guidance

Revenue: Q2 of $3.8 billion, versus $2.8 billion last year Diluted EPS: Q2 of $4.76, versus $2.37 last year Adjusted EPS: Q2 of $6.13, versus $2.57 last year Free Cash Flow: Q2 of $390 million, versus $272 million last year Acquired remaining ownership interest in OmniSeq, bolstering oncology portfolio Agreed to purchase the outreach laboratory business of a Minnesota-based hospital Full Year 2021 Guidance: Revenue raised to range of 6.5% to 9.0%; Adjusted EPS raised to range of $21.50 to $25.00; Free Cash Flow raised to range of $1.95 billion to $2.15... More