Laboratory Corp Q1 2024 Adj EPS $3.68 Beats $3.48 Estimate, Sales $3.177B Beat $3.117B Estimate
Portfolio Pulse from Benzinga Newsdesk
Laboratory Corp (NYSE:LH) reported Q1 2024 earnings of $3.68 per share, surpassing the $3.48 estimate, and sales of $3.177B, exceeding the $3.117B forecast. This represents a 6.36% increase in earnings and a 4.58% increase in sales from the same period last year.
April 25, 2024 | 11:14 am
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Laboratory Corp reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust financial health and operational efficiency.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The reported growth over the previous year further strengthens the case for a positive impact on Laboratory Corp's stock price.
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