BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Labcorp Holdings Inc. (LH) on Thursday reported second-quarter earnings of $237.9 million.
The Burlington, North Carolina-based company said it had net income of $2.84 per share. Earnings, adjusted for one-time gains and costs, came to $4.35 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.14 per share.
The medical laboratory operator posted revenue of $3.53 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $3.49 billion.
Labcorp expects full-year earnings in the range of $16.05 to $16.50 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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