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$Labcorp Holdings (LH.US)$Revenue has been growing continuou...

$Labcorp Holdings (LH.US)$Revenue has been growing continuously for the past 5 years, with a consecutive increase in the first 4 years. It declined by 7.7% in 2022, with an average annual growth rate of 7.6% over the 5 years. Operating profit reached a peak of 3.3 billion in 2021 but declined sharply by 35.5% in 2022. Net income also reached a peak of 2.38 billion in 2021 but experienced a significant decline of 46.2% in 2022.
Revenue continued to decline by 3% in the first quarter of 2023, while operating profit and net income saw a significant decline of 50% and 57% respectively.
Currently, the price-to-earnings ratio is 15, and the trailing price-to-earnings ratio has increased to 19. Considering the recent significant decline in profit, it currently lacks attractiveness.
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