Labcorp Holdings (LH) Revenue — Quarter Ended Mar 31, 2023
Revenue increased sequentially compared to the prior quarter, but decreased sharply from the same period a year earlier. The sequential gain reversed a trend of relative stability in recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased sequentially compared to the prior quarter, but decreased sharply from the same period a year earlier. The sequential gain reversed a trend of relative stability in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
-22.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.9B | -23.9% |
| Sep 30, 2022 | $2.9B | -26.5% |
| Dec 31, 2022 | $2.9B | -34.7% |
| Mar 31, 2023 | $3B | -22.1% |
Revenue performance
The reported revenue exceeded the level of the immediate preceding quarter, marking a sequential improvement.
Quarterly comparison
Compared to the prior quarter, revenue increased. However, versus the same quarter one year ago, revenue was significantly lower.
What to watch
Monitor whether the sequential revenue growth can be sustained in coming quarters.