BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Labcorp Holdings Inc. (LH) on Tuesday reported third-quarter earnings of $261.1 million.
The Burlington, North Carolina-based company said it had profit of $3.12 per share. Earnings, adjusted for one-time gains and costs, came to $4.18 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.13 per share.
The medical laboratory operator posted revenue of $3.56 billion in the period, which matched Street forecasts.
Labcorp expects full-year earnings in the range of $16.15 to $16.50 per share.
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