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Labcorp predicts COVID testing sales may fall up to 90% in 2023

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ALSO READ: Wearing masks did 'little to nothing' to help curb Covid spread, study reveals For the fourth quarter, the laboratory operator's sales declined about 9% to $3.67 billion and missed estimates of $3.74 billion, according to IBES data from Refinitiv.

However, it beat analysts' estimates for quarterly profit, helped by growth in sales in the company's base business, which excludes COVID-19 testing.

Excluding items, Labcorp reported a profit of $4.14 per share for the quarter ended Dec. 31, above analysts' estimates of $4.10.

The North Carolina-based company forecast an adjusted profit for 2023 in the range of $16 to $18 per share, compared with analysts' estimates of $17.65.

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Ohio train derailment: Should New Englanders be worried about air quality? - fox29.com - Usa - Canada - state Ohio - Palestine - county Atlantic - state Maine
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