Laboratory of America Holdings Earnings: Everything You Must Know Now
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)…
Revenue increased 1.89% from $1.44 billion in the previous quarter. EPS increased 3.45% from $1.74 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.81 and has not changed. For the current year, the average estimate is a profit of $7.09, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)