LabCorp: Q1 Earnings Snapshot
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.