WASHINGTON (dpa-AFX) - Labcorp Holdings Inc. (LH) announced earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $212.8 million, or $2.52 per share. This compares with $228.0 million, or $2.69 per share, last year.
Excluding items, Labcorp Holdings Inc. reported adjusted earnings of $324.0 million or $3.84 per share for the period.
Analysts on average had expected the company to earn $3.73 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.3% to $3.345 billion from $3.176 billion last year.
Labcorp Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $212.8 Mln. vs. $228.0 Mln. last year. -EPS: $2.52 vs. $2.69 last year. -Revenue: $3.345 Bln vs. $3.176 Bln last year.
-Guidance: Full year EPS guidance: $15.70 - $16.40
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