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Laboratory Corporation Of America Holdings Q1 adjusted earnings Beat Estimates

Laboratory Corporation Of America Holdings (LH) reported earnings for its first quarter that rose from the same period last year.

The company's profit came in at $185.6 million, or $1.86 per share. This compares with $173.2 million, or $1.67 per share, in last year's first quarter.

Excluding items, Laboratory Corporation Of America Holdings reported adjusted earnings of $260.7 million or $2.62 per share for the period.

Analysts had expected the company to earn $2.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.1% to $2.79 billion from $2.85 billion last year.

Laboratory Corporation Of America Holdings earnings at a glance:

-Earnings (Q1): $260.7 Mln. vs. $287.1 Mln. last year.
-EPS (Q1): $2.62 vs. $2.78 last year.
-Analysts Estimate: $2.53
-Revenue (Q1): $2.79 Bln vs. $2.85 Bln last year.

-Guidance:
Full year EPS guidance: $11.05 to $11.45
Full year revenue guidance: $11.33 Bln

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