WASHINGTON (dpa-AFX) - Laboratory Corporation Of America Holdings (LH) announced a profit for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $228.0 million, or $2.69 per share. This compares with $212.9 million, or $2.39 per share, in last year's first quarter.
Analysts on average had expected the company to earn $3.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.6% to $3.18 billion from $3.04 billion last year.
Laboratory Corporation Of America Holdings earnings at a glance (GAAP) :
-Earnings (Q1): $228.0 Mln. vs. $212.9 Mln. last year. -EPS (Q1): $2.69 vs. $2.39 last year. -Revenue (Q1): $3.18 Bln vs. $3.04 Bln last year.
-Guidance: Full year EPS guidance: $14.45 to $15.35
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