Laboratory Corp LH reported its Q3 earnings results on Thursday, October 27, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Laboratory Corp beat estimated earnings by 0.21%, reporting an EPS of $4.68 versus an estimate of $4.67.
Revenue was down $457.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.26 which was followed by a 3.89% increase in the share price the next day.
Here's a look at Laboratory Corp's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 4.70 | 5.98 | 5.79 | 4.92 |
EPS Actual | 4.96 | 6.11 | 6.77 | 6.82 |
Revenue Estimate | 3.75B | 4.00B | 3.90B | 3.65B |
Revenue Actual | 3.70B | 3.90B | 4.06B | 4.06B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Laboratory Corp management provided guidance for FY 2022, expecting earnings between $19.25 and $20.25 per share.
To track all earnings releases for Laboratory Corp visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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