Lab Industry Earnings Take a Beating in the Fourth Quarter
Drying COVID-19 testing demand drove revenues down, but not as much as expected.
Drying COVID-19 testing demand drove revenues down, but not as much as expected.
A decline in COVID-19 testing demand, along with a challenging economy, made for a difficult quarter for diagnostics companies.
Second quarter diagnostics earnings were down, but not as much as predicted.
While not nearly as robust as a year ago, diagnostic companies’ revenues held up surprisingly well in Q2 2022.
Most diagnostics companies experienced modest, flat, or negative top-line revenue growth rates in the first quarter of 2022.