Labcorp Holdings Shares Gain on Raised FY Adj Earnings, Revenue Guidance

By Natalie Weger

Shares of Labcorp Holdings rose after the healthcare company raised its full-year adjusted earnings and revenue guidance.

Shares rose 10% to $365.02 in midday Wednesday trading. The stock is up 46% year to date.

Labcorp now expects full-year adjusted earnings per share between $18.30 and $18.70, compared with its previous outlook of between $18.10 and $18.55. Analysts polled by FactSet expect $18.35.

Labcorp also expects full-year revenue to be up between 5.9% and 6.7%, compared with its previous guidance of 5.4% and 6.3%.

The raised guidance comes after Labcorp posted higher profit and revenue in the third quarter. The company posted a profit of $262.8 million, or $3.22 a share, compared with $261.1 million, or $3.12 a share, a year earlier.

On an adjusted basis, per-share earnings were $4.78. Analysts polled by FactSet were looking for $4.48.

Revenue rose to $3.81 billion, compared with $3.6 billion. Wall Street analysts had expected $8.76 billion.

Chief Executive Adam Schechter said the company launched innovative tests for advanced melanoma, Alzheimer's disease and hepatitis D.

Write to Natalie Weger at natalie.weger@wsj.com.

(END) Dow Jones Newswires

October 28, 2026 12:52 ET (16:52 GMT)