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Laboratory Corporation Of America Holdings Q4 adjusted earnings Beat Estimates

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

The company's earnings totaled $938.8 million, or $9.54 per share. This compares with $227.1 million, or $2.32 per share, in last year's fourth quarter.

Excluding items, Laboratory Corporation Of America Holdings reported adjusted earnings of $1.038 billion or $10.56 per share for the period.

Analysts had expected the company to earn $8.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 52.2% to $4.49 billion from $2.95 billion last year.

Laboratory Corporation Of America Holdings earnings at a glance:

-Earnings (Q4): $1.038 Bln. vs. $280.6 Mln. last year.
-EPS (Q4): $10.56 vs. $2.86 last year.
-Analysts Estimate: $8.11
-Revenue (Q4): $4.49 Bln vs. $2.95 Bln last year.

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