Labcorp Holdings (LH) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the immediately preceding period but increased relative to the same quarter one year earlier. The sequential decrease contrasts with the year-over-year growth seen in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediately preceding period but increased relative to the same quarter one year earlier. The sequential decrease contrasts with the year-over-year growth seen in the prior quarter.
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
-0.8%
Change from the immediately preceding quarter.
Year-over-year
+3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
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 |
|---|---|---|
| Mar 31, 2023 | $3B | -22.1% |
| Jun 30, 2023 | $3B | +3.8% |
| Sep 30, 2023 | $3.1B | +6.6% |
| Dec 31, 2023 | $3B | +3.5% |
Revenue performance
The quarter's revenue was lower than the prior quarter, breaking a pattern of sequential increases earlier in the fiscal year. However, it maintained a year-over-year gain.
Quarterly comparison
Compared to the preceding quarter, revenue decreased, while compared to the same quarter a year ago, it rose.
What to watch
The sequential decline may warrant attention given the prior quarters' upward trajectory.