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Stock impact report

Labcorp raises full-year forecasts on steady diagnostics demand [Yahoo! Finance]

Labcorp Holdings Inc. (LH) 
Last labcorp holdings inc. earnings: 4/29 06:53 am Check Earnings Report
Company Research Source: Yahoo! Finance
Routine and specialty diagnostic ?testing has helped boost Labcorp's core business, cushioning the impact of softer biotech ?spending in its drug development services unit. Over the past year, Labcorp and peer Quest Diagnostics have benefited from agreements to manage hospital laboratories, which helped them expand their market share. Labcorp now expects annual adjusted ?earnings per share to ?be in the $17.70-$18.35 range, up from its prior forecast of $17.55-$18.25. Analysts on average expected adjusted earnings of $17.87 per share ?for the full year, according to data compiled by LSEG. The laboratory operator projected 2026 revenue of $14.65 billion-$14.80 billion, up from its previous ?forecast of $14.61 ?billion-$14.79 billion. Analysts expected $14.66 billion. "Labcorp delivered ?another quarter of strong ?results... driven by continued momentum across our Diagnostics and Central Laboratory businesses," said CEO Adam Schechter. The firm said it had also been expandi Show less Read more
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