Lab Corp. (LH) Tops Q2 EPS by 7c, Beats on Revenues; Boosts FY17 Adj. EPS Guidance

Lab Corp. (NYSE: LH) reported Q2 EPS of $2.47, $0.07 better than the analyst estimate of $2.40. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.47 billion.

• Q2 Net revenue of $2.5 billion, up 5% over last year
• Q2 Diluted EPS of $1.82, down 7% from last year; Q2 Adjusted EPS of $2.47, up 5% over last year
• 2017 Adjusted EPS guidance increased to $9.30 to $9.65, up 5% to 9% over 2016

GUIDANCE:

Lab Corp. sees FY2017 EPS of $9.30-$9.65, versus the consensus of $9.43.

For earnings history and earnings-related data on Lab Corp. (LH) click here.

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