Labcorp (LH) said, for 2021, the company expects: adjusted EPS in a range of $19.00 to $23.00; and total Labcorp Enterprise revenue in a range of a decline of 1.0% to an increase of 4.5%; and free cash flow of $1.7 billion to $1.9 billion.
Fourth quarter adjusted EPS were $10.56, up from $2.86, last year. Revenue for the quarter was $4.49 billion, an increase of 52.0% over $2.95 billion, a year ago. The increase in revenue was due to organic growth of 50.1%. This increase in organic revenue includes a 46.4% contribution from COVID-19 Testing and a 3.7% increase in the company's organic Base Business.
Shares of Labcorp were up nearly 5% in pre-market trade on Thursday.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.