Laboratory Corp. of America Holdings (NYSE:LH) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Laboratory Corp. of America Holdings Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1.69% to $1.80 in the quarter versus EPS of $1.77 in the year-earlier quarter.
Revenue: Rose 3.15% to $1.47 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Laboratory Corp. of America Holdings reported adjusted EPS income of $1.80 per share. By that measure, the company met the mean analyst estimate of $1.80. It beat the average revenue estimate of $1.46 billion.
Quoting Management: “We are pleased with our second quarter and year-to-date results, especially our revenue and volume growth,” said David P. King, Chairman and Chief Executive Officer. “We are proud that we continued to manage the business well in a difficult operating environment, and continued our commitments both to growing the business and returning capital to our shareholders through increased share repurchase.”
Key Stats (on next page)…