Labcorp Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Labcorp Holdings (NYSE:LH) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$3.22b (up 6.2% from 2Q 2023).
• Net income: US$205.3m (up 33% from 2Q 2023).
• Profit margin: 6.4% (up from 5.1% in 2Q 2023).
• EPS: US$2.44 (up from US$1.75 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Labcorp Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Labcorp Holdings you should be aware of.

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