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Laboratory Corp Of America Holdings  (LH)
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    Sector  Healthcare    Industry Medical Laboratories
   Industry Medical Laboratories
   Sector  Healthcare
 



EARNINGS REPORT by CSIMarket

Decline in Earnings despite Increase in Demand

Laboratory Corp Of America Holdings announced third quarter 2019 operating surplus of $339.9 millions, company cut it's Sales target.

Laboratory Corp Of America Holdings reported declining eps on increasing revenue in the third quarter 2019, where Sales grew by 3.43 % to $2.93 billions in comparison to $2.83 billions on a year-over-year basis, while income dropped by -27.42 % to $2.25 per share, income per share was $3.10 in the same quarter a year ago.

In the previous quarter company realized Sales of $2.88 billions and bottom line of $1.93 per share.
Laboratory Corp Of America Holdings said it's sales growth was driven by , while sales in Routine Testing segment fell -54.46%.
Net income of $221 millions in the third quarter 2019 fell by -30.72 % from $319 millions in the corresponding period a year before. Laboratory Corp Of America Holdings shifted it's focus on improving sales in the third quarter 2019, as a result net margin eased to 7.55%. Laboratory Corp Of America Holdings see it's Sales now between $8,416 millions and $8,536 millions, down by $-60 millions from previous guidance, Eps is expected at $7.78.


Laboratory Corp Of America Holdings is expected to report next financial results on April 27, 2020.


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Decline in Earnings despite Increase in Demand

Laboratory Corp Of America Holdings reported declining eps on increasing revenue in the third quarter 2019, where Sales grew by 3.43 % to $2.93 billions in comparison to $2.83 billions on a year-over-year basis, while income dropped by -27.42 % to $2.25 per share, income per share was $3.10 in the same quarter a year ago.

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Other LH's Earnings Reports

Laboratory Of America Holdings reported second quarter 2019 earnings

Laboratory Of America Holdings reported first quarter 2019 earnings

Laboratory Of America Holdings reported forth quarter 2018 earnings

             
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