Labcorp: Q1 Earnings Snapshot

Associated Press Finance

04-29

BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Tuesday reported first-quarter profit of $212.8 million.

On a per-share basis, the Burlington, North Carolina-based company said it had profit of $2.52. Earnings, adjusted for one-time gains and costs, came to $3.84 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.73 per share.

The medical laboratory operator posted revenue of $3.35 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $3.41 billion.

Labcorp expects full-year earnings in the range of $15.70 to $16.40 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LH at https://www.zacks.com/ap/LH

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(AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Tuesday reported first-quarter profit of $212.8 million.</p>\n<p>On a per-share basis, the Burlington, North Carolina-based company said it had profit of $2.52. Earnings, adjusted for one-time gains and costs, came to $3.84 per share.</p>\n<p>The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.73 per share.</p>\n<p>The medical laboratory operator posted revenue of $3.35 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $3.41 billion.</p>\n<p>Labcorp expects full-year earnings in the range of $15.70 to $16.40 per share.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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Earnings, adjusted for one-time gains and costs, came to $3.84 per share.\nThe results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.73 per share.\nThe medical laboratory operator posted revenue of $3.35 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $3.41 billion.\nLabcorp expects full-year earnings in the range of $15.70 to $16.40 per share.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LH at https://www.zacks.com/ap/LH","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}