MARKET COMPOSITE
LH - Laboratory Corp. Of America Holdings8:00:02 PM 4/15/2024
Price
$203.32
-2.41 (-1.17%)
Laboratory Corporation of America Holdings, more commonly known as LabCorp, is an American S&P 500 company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. LabCorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered. As of 2018, LabCorp processes 2.5 million lab tests weekly. LabCorp was an early pioneer of genomic testing using polymerase chain reaction technology, at its Center for Molecular Biology and Pathology in Research Triangle Park, North Carolina, where it also performs other molecular diagnostics. It also does oncology testing, human immunodeficiency virus genotyping and phenotyping.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue6.1B+99%
Gross Profit1.7B+96%
Cost Of Revenue4.4B+99%
Operating Income207MM-18%
Operating Expenses1.5B-
Net Income45.8MM-75%
G&A990.1MM+88%
Amortization112.6MM-
Interest Expense99.5MM+98%
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