Laboratory Corporation of America Holdings (LH) exceeded analysts’ expectations for third-quarter earnings, driven by strong organic revenue growth. However, the company lowered its 2024 guidance due to adverse weather impacts, particularly Hurricane Helene’s effect on North Carolina. Despite the reduced outlook, LabCorp’s stock climbed over 6% on Thursday.
United Parcel Service (UPS) has announced potential disruptions to its pickup and delivery services in the southern U.S., particularly Louisiana, due to Hurricane Francine. The company is implementing contingency plans to minimize delays and ensure shipments reach their destinations as quickly as possible.
Mumbai witnessed its first monsoon rains on Monday afternoon, accompanied by an intense sandstorm that transformed the city’s skyline. The welcome precipitation brought relief to residents who had been enduring scorching heat. The Indian Meteorological Department (IMD) has forecasted lightning, gusty winds, and potential hailstorms in isolated areas. Traffic was disrupted in some areas due to fallen trees, but no injuries were reported. Flight operations at Mumbai International Airport were temporarily suspended due to the adverse weather conditions.
