LabCorp Analysts Boost Their Forecasts After Better-Than-Expected Earnings

Labcorp Holdings Inc LH reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates on Thursday. Laboratory Corp reported second-quarter 2024 adjusted EPS of $3.94, up from$3.42 a year ago, beating the consensus of $3.78. Sales increased 6.2$3.22 billion, beating the consensus of $3.19 billion. Diagnostics Laboratories revenue for the quarter was$2.52 billion, an increase of 7.9%. Biopharma Laboratory Services revenue increased 1. ...