logo
Share SHARE
FONT-SIZE Plus   Neg

LabCorp Q1 Profit Rises; Backs FY12 Outlook - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Lyft announced the launch of luxury black car service, Lyft Lux and Lux SUV, in comparison to black luxury car services that rival Uber originally launched with. With Lyft Lux, passengers will be able to book a black car or luxury black SUV from the Lyft app. The two premium ride hailing options... Kik Interactive Inc., the parent of chat app Kik, said it will launch a new cryptocurrency or token called Kin for use in everyday digital services, such as chat, social media and payments. Kik said it has decided to propose a new ecosystem of digital services that will be truly open and decentralized, and will start with a new cryptocurrency. Several companies have pulled advertisements from Sean Hannity's Fox News show after he continued to promote a conspiracy theory about Democratic National Committee staffer Seth Rich's death. Hannity has come under fire for spreading a conspiracy theory linking Rich's killing to Wikileaks.
comments powered by Disqus
Follow RTT