BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported fourth-quarter earnings of $76.1 million.
The Burlington, North Carolina-based company said it had net income of 86 cents per share. Earnings, adjusted for one-time gains and costs, were $4.14 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share.
The medical laboratory operator posted revenue of $3.67 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.75 billion.
For the year, the company reported profit of $1.28 billion, or $13.97 per share. Revenue was reported as $14.88 billion.
LabCorp expects full-year earnings in the range of $16 to $18 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
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
