By Rob Curran
Labcorp Holdings' third-quarter net income and revenue rose and the company boosted its adjusted earnings growth forecast on strong demand for its blood tests and other laboratory services.
The Burlington, N.C., lab-services company logged earnings of $261.1 million, or $3.12 a share, up from $169.3 million, or $2 a share, a year earlier.
Stripping out certain one-time items, Labcorp posted adjusted earnings of $4.18 a share, exceeding the mean analyst target of $3.94 a share, as per FactSet.
Revenue rose 8.6% to $3.56 billion, in line with the average Wall Street peg, as per FactSet.
Labcorp boosted its 2025 adjusted per-share earnings target to a range between $16.15 and $16.50 a share from a prior projection of $16.05 to $16.50.
The diagnostic testing company cut its revenue growth projection for the year to a range of 7.4% to 8% from 7.5% to 8.6% previously, to reflect currency and acquisition shifts.
Recently, Labcorp Holdings recently said it would begin selling a Roche Holding blood test for diagnosing Alzheimer's disease in primary-care settings in 2026.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 28, 2025 07:15 ET (11:15 GMT)
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