Home Business & Finance Labcorp Raises Earnings Outlook on Strong Medical Testing Demand
Business & Finance

Labcorp Raises Earnings Outlook on Strong Medical Testing Demand

Key Points

Labcorp Raises Earnings Outlook on Strong Medical Testing Demand Labcorp Holdings Inc. raised its outlook for the year after reporting second-quarter earnings that topped analyst estimates, citing strength in cancer tests and new genetic screenings. The medical testing company now expects adjusted earnings of $18.10 to $18.55 a share for the year, an increase of 30 cents at the midpoint. Adjusted profit in the quarter was higher than the average of analyst estimates in a Bloomberg survey.

Labcorp Raises Earnings Outlook on Strong Medical Testing Demand Labcorp Holdings Inc. raised its outlook for the year after reporting second-quarter earnings that topped analyst estimates, citing strength in cancer tests and new genetic screenings. The medical testing company now expects adjusted earnings of $18.10 to $18.55 a share for the year, an increase of 30 cents at the midpoint. Adjusted profit in the quarter was higher than the average of analyst estimates in a Bloomberg survey.
Labcorp (ORG) Strong Medical Testing Demand Labcorp (ORG) Strong Medical Testing Demand Labcorp Holdings Inc. (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →