Labcorp Holdings (LH) Revenue — Quarter Ended Sep 30, 2023
Revenue rose in the latest quarter, supported by growth compared to both the immediately preceding quarter and the same period last year. The company's trailing twelve-month revenue remained substantial.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue rose in the latest quarter, supported by growth compared to both the immediately preceding quarter and the same period last year. The company's trailing twelve-month revenue remained substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.1B
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 |
|---|---|---|
| Dec 31, 2022 | $2.9B | -34.7% |
| Mar 31, 2023 | $3B | -22.1% |
| Jun 30, 2023 | $3B | +3.8% |
| Sep 30, 2023 | $3.1B | +6.6% |
Revenue performance
The quarter's revenue growth reflects a positive trend, with sequential improvement and a stronger year-over-year increase.
Quarterly comparison
Compared to the prior quarter, revenue edged higher, while the year-over-year comparison showed a more pronounced gain.
What to watch
Monitor whether the revenue growth trajectory can be sustained given the sequential change was modest.