Laboratory Corporation of America Holdings reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 3,033.3 million compared to USD 2,929.8 million a year ago. Net loss was USD 167.1 million compared to net income of USD 76.1 million a year ago. Basic loss per share from continuing operations was USD 1.97 compared to basic earnings per share from continuing operations of USD 0.42 a year ago. Basic loss per share was USD 1.97 compared to basic earnings per share of USD 0.86 a year ago.
For the full year, sales was USD 12,161.6 million compared to USD 11,863.9 million a year ago. Net income was USD 418 million compared to USD 1,279.1 million a year ago. Basic earnings per share from continuing operations was USD 4.35 compared to USD 11 a year ago. Diluted earnings per share from continuing operations was USD 4.33 compared to USD 10.94 a year ago. Basic earnings per share was USD 4.8 compared to USD 14.05 a year ago. Diluted earnings per share was USD 4.77 compared to USD 13.97 a year ago.