Labcorp Holdings (LH) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the prior quarter and showed a stronger rise versus the same quarter last year. Both sequential and annual comparisons indicate positive growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the prior quarter and showed a stronger rise versus the same quarter last year. Both sequential and annual comparisons indicate positive growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.5B
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, 2023 | $3.1B | +6.6% |
| Dec 31, 2023 | $3B | +3.5% |
| Mar 31, 2024 | $3.2B | +4.7% |
| Jun 30, 2024 | $3.2B | +6.2% |
Revenue performance
The quarter's revenue growth accelerated on an annual basis, while the sequential improvement was modest. The trend reflects sustained demand for the company's services.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased slightly. Against the same quarter one year earlier, the gain was more substantial.
What to watch
Monitor whether the company can maintain its revenue growth momentum amid broader economic conditions.