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LabCorp: Q1 Earnings Snapshot

April 28, 2022 GMT

BURLINGTON, N.C. (AP) _ Laboratory Corp. of America Holdings (LH) on Thursday reported first-quarter earnings of $491.6 million.

The Burlington, North Carolina-based company said it had net income of $5.23 per share. Earnings, adjusted for non-recurring costs, were $6.11 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.88 per share.

The medical laboratory operator posted revenue of $3.9 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $4.04 billion.

LabCorp expects full-year earnings in the range of $18.25 to $21 per share.

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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