Labcorp Holdings (NYSE:LH) shares are up, up 1.46%, on Thursday as the company reported strong first-quarter results and raised its full-year guidance.
The stock’s positive movement follows an announcement that the company is committed to a disciplined allocation of capital, including significant investments in acquisitions and stock repurchases.
• Labcorp Holdings stock is showing upward movement. Why is LH stock trading higher?
Labcorp Q1 Results Beat
LabCorp reported quarterly adjusted earnings of $4.25 per share, beating the consensus of $4.09. Sales jumped 5.8% to $3.54 billion, surpassing the consensus of $3.51 billion.
Technology Investments Drive Operational Momentum
“Labcorp delivered another quarter of strong results, with robust growth and double-digit Adjusted EPS growth driven by continued momentum across our Diagnostics and Central Laboratory businesses,” said Adam Schechter, chairman and CEO of Labcorp.
“Our investments in advanced technologies, including robotics and AI, are improving the customer experience and transforming the way we operate. Driven by continued progress across our strategic priorities, we …