Labcorp rises after raising annual profit forecast

Including the session's move, the stock is up about 23% year to date.

Shares of laboratory operator Labcorp rose 1.4% to $311.39 after the company raised its full-year adjusted profit forecast.

The company reported second-quarter revenue of $3.73 billion versus analysts' average estimate of $3.71 billion, according to LSEG data. It also reported second-quarter adjusted profit of $4.99 per share versus analysts' average estimate of $4.78 per share.

Labcorp raised its full-year adjusted profit forecast to $18.10-$18.55 per share from a prior forecast of $17.70-$18.35 per share. The midpoint of the new profit forecast is above analysts' average estimate of $18.01 per share, according to data compiled by LSEG.