BURLINGTON, N.C. (AP) — BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported a loss of $167.1 million in its fourth quarter.
On a per-share basis, the Burlington, North Carolina-based company said it had a loss of $1.95. Earnings, adjusted for non-recurring costs, were $3.30 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.29 per share.
The medical laboratory operator posted revenue of $3.03 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $3.01 billion.
For the year, the company reported profit of $418 million, or $4.77 per share. Revenue was reported as $12.16 billion.
Labcorp expects full-year earnings in the range of $14.30 to $15.40 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LH at https://www.zacks.com/ap/LH