Labcorp: Q4 Earnings Snapshot
BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported fourth-quarter earnings of $143.4 million.
The Burlington, North Carolina-based company said it had net income of $1.70 per share. Earnings, adjusted for non-recurring costs, were $3.45 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.40 per share.
The medical laboratory operator posted revenue of $3.33 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $3.31 billion.
For the year, the company reported profit of $746 million, or $8.84 per share. Revenue was reported as $13.01 billion.
Labcorp expects full-year earnings in the range of $15.60 to $16.40 per share, with revenue in the range of $13.88 billion to $14.05 billion.
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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