BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported first-quarter earnings of $228 million.
The Burlington, North Carolina-based company said it had net income of $2.69 per share. Earnings, adjusted for one-time gains and costs, were $3.68 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.
The medical laboratory operator posted revenue of $3.18 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.13 billion.
Labcorp expects full-year earnings in the range of $14.45 to $15.35 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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