Labcorp: Q3 Earnings Snapshot

Associated Press Finance
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BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported third-quarter profit of $183.3 million.

On a per-share basis, the Burlington, North Carolina-based company said it had profit of $2.11. Earnings, adjusted for one-time gains and costs, came to $3.38 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.37 per share.

The medical laboratory operator posted revenue of $3.06 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $2.99 billion.

Labcorp expects full-year earnings in the range of $13.25 to $13.75 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

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