FX.co ★ Labcorp Narrows FY24 Outlook Range - Update

The life sciences company, Labcorp, announced its financial results for the first quarter. The company made an adjustment to the earnings and revenue growth guidance range for the entirety of 2024. The new projection for fiscal 2024 suggests adjusted earnings ranging from $14.45 to $15.35 per share, with a revenue growth of 4.8 to 6.4 percent. Previously, Labcorp expected the earnings to fall between $14.30 and $15.40 per share, coupled with a revenue growth between 4.7 to 6.5 percent. Thomson Reuters analysts anticipate the company's earnings to hit around $14.82 per share and a 4.9 percent revenue growth, accounting for around $12.76 million for the quarter. Generally, their estimates do not reflect special items.