Plus   Neg

LabCorp Narrows FY19 Outlook Range - Quick Facts

While reporting financial results for the second quarter, LabCorp (LH) on Thursday narrowed its full-year 2019 guidance range for adjusted earnings and revenue growth for the full-year 2019.

For fiscal 2019, the company narrowed its adjusted earnings guidance to a range of $11.10 to $11.40 per share from the prior guidance range of $11.05 to $11.45 per share.

The company also narrowed its full-year revenue growth range to between 1.0 and 2.0 percent from the previous range of 0.5 and 2.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $11.27 per share on revenue growth of 1.2 percent to $11.47 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee, Peekay International issued a recall of 7 ounce and 14 ounce packs containing Keshav Dry Apricot food treats as they contain undeclared allergens such as sulfites, according to a statement published by The U.S. Food and Drug Administration. Consumption of the product by those allergic or having severe sensitivity to sulfites could run the risk of serious or life-threatening allergic reactions.
Follow RTT