Labcorp Holdings (LH) Revenue — Quarter Ended Jun 30, 2023
Revenue was essentially flat compared to the prior quarter, while showing an increase from the same period last year. The company continues to generate substantial revenue.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q1
Revenue was essentially flat compared to the prior quarter, while showing an increase from the same period last year. The company continues to generate substantial revenue.
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
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+3.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.9B
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 |
|---|---|---|
| Sep 30, 2022 | $2.9B | -26.5% |
| Dec 31, 2022 | $2.9B | -34.7% |
| Mar 31, 2023 | $3B | -22.1% |
| Jun 30, 2023 | $3B | +3.8% |
Revenue performance
The reported revenue direction was stable, with minimal change from the preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue remained nearly unchanged. On a year-over-year basis, revenue improved compared to the same quarter a year earlier.
What to watch
Monitor whether the revenue stability persists in upcoming quarters.