Zacks By Zacks Equity Research
April 25, 2016 — Laboratory Corporation of America Holdings LH or LabCorp released consolidated first-quarter 2016 results, including that of Covance, which it acquired in Feb 2015. The company reported a solid quarter with adjusted earnings per share (EPS) of $2.02, up 14.8% from the year-ago quarter. Adjusted EPS also exceeded the Zacks Consensus Estimate by 3.1%.
On a reported basis, LabCorp’s net earnings came in at $160.2 million or $1.55 per share against $3.1 million or 4 cents per share a year ago.
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