24.10.2024 13:24:10
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Labcorp Trims FY24 Adj. EPS Outlook - Update
(RTTNews) - While reporting financial results for the third quarter on Thursday, life sciences company Labcorp (LH) trimmed its adjusted earnings guidance for the full-year 2024, while maintaining its annual revenue growth outlook.
For the fiscal 2024, the company now projects adjusted earnings in a range of $14.30 to $14.70 per share, down from the prior outlook range of $14.30 to $14.70 per share. Revenues are still seen to grow 6.6 to 7.3 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $14.56 per share on revenue growth of 6.5 percent to $12.96 million for the quarter. Analysts' estimates typically exclude special items.
On October 10, 2024, Labcorp announced a quarterly cash dividend of $0.72 per share of common stock, payable on December 13, 2024, to stockholders of record at the close of business on November 26, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
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