Laboratory Corp Q2 Adjusted EPS $3.42 Misses $3.47 Estimate, Sales $3.03B Beat $3.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Laboratory Corp (NYSE:LH) reported Q2 earnings of $3.42 per share, missing the analyst consensus estimate of $3.47 by 1.44%. This is a 15.35% decrease from the same period last year. However, the company reported quarterly sales of $3.03 billion, beating the estimate of $3.01 billion by 0.79%, a 3.79% increase from last year.
July 27, 2023 | 10:59 am
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Laboratory Corp's Q2 earnings per share missed estimates by 1.44%, but sales beat estimates by 0.79%. This mixed result could lead to uncertain short-term price movement.
Laboratory Corp's earnings per share missed estimates, which could negatively impact the stock price. However, the company beat sales estimates, which could have a positive effect. These mixed results make the short-term price movement uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100