Laboratory Corp. of America Holdings (NYS: LH) reported earnings on July 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Laboratory Corp. of America Holdings met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share improved significantly.
Gross margins dropped, operating margins dropped, net margins improved.
Laboratory Corp. of America Holdings booked revenue of $1.42 billion. The 19 analysts polled by S&P Capital IQ predicted sales of $1.44 billion on the same basis. GAAP reported sales were 1.4% higher than the prior-year quarter's $1.40 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.77. The 20 earnings estimates compiled by S&P Capital IQ anticipated $1.79 per share. GAAP EPS of $1.56 for Q2 were 30% higher than the prior-year quarter's $1.20 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.7%, 120 basis points worse than the prior-year quarter. Operating margin was 19.6%, 30 basis points worse than the prior-year quarter. Net margin was 10.8%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.44 billion. On the bottom line, the average EPS estimate is $1.75.
Next year's average estimate for revenue is $5.70 billion. The average EPS estimate is $6.96.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 679 members out of 696 rating the stock outperform, and 18 members rating it underperform. Among 204 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give Laboratory Corp. of America Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Laboratory Corp. of America Holdings is hold, with an average price target of $95.66.
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The article Laboratory Corp. of America Holdings Hits Estimates in Solid Quarter originally appeared on Fool.com.
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