BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported third-quarter net income of $169.3 million.
The Burlington, North Carolina-based company said it had profit of $2 per share. Earnings, adjusted for one-time gains and costs, came to $3.50 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.48 per share.
The medical laboratory operator posted revenue of $3.28 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $3.26 billion.
Labcorp expects full-year earnings in the range of $14.30 to $14.70 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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