RTTNews | Feb 11, 2021 07:20AM EST

07:20 Thursday, February 11, 2021 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3169017/labcorp-issues-outlook-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved