Laboratory Corporation of America Holdings(LH) reported that its first-quarter net earnings attributable to the company was $161.6 million or $1.63 per share, up from $127.1 million or $1.23 per share in the same quarter last year.
Adjusted earnings, excluding Amortization, were $1.74 per share, up from $1.52 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.67 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $1.42 billion from $1.37 billion in the prior year quarter. Nineteen analysts had consensus revenue estimate of $1.40 billion for the quarter.
The company reaffirmed its 2012 guidance, expecting revenue growth of approximately 2.0% - 3.5%; Adjusted earnings per share Excluding Amortization in the range of $6.75 to $7.05, excluding the impact of any share repurchase activity after March 31, 2012. Analysts expect the company to report earnings of $6.97 per share on revenues of $5.72 billion for fiscal 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.