Laboratory Corp. of America Holdings (LH) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $2.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $2.30. The company posted revenue of $2382.00 million in the period, compared to analysts expectations of $2334.01 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS.
Laboratory Corp. of America Holdings opened for trading at $137.6 and hit $139.09 on the upside on Thursday, eventually ending the session at $138.51, with a gain of 0.66% or 0.91 points. The heightened volatility saw the trading volume jump to 6,63,067 shares. Company has a market cap of $14,183 M.
In a different news, on Jun 15, 2016, David P King (President & CEO) sold 196,400 shares at $128.42 per share price. According to the SEC, on May 13, 2016, Lisa J Uthgenannt (Chief Human Resources Officer) sold 3,740 shares at $125.17 per share price. On Apr 29, 2016, Edward T Dodson (Principal Accounting Officer) sold 9,392 shares at $126.42 per share price, according to the Form-4 filing with the securities and exchange commission.
Laboratory Corporation of America Holdings is an independent clinical laboratory company in the United States. Through a national network of laboratories the Company offers a range of clinical laboratory tests that are used by the medical profession in core testing patient diagnosis and in the monitoring and treatment of disease. The Company manages its operations through two segments: the Clinical diagnostics laboratory segment which includes core testing as well as genomic and esoteric testing; and the Other segment which consists of the Company’s non-United States clinical diagnostic laboratory operations in Ontario Canada. It also provides specialty testing services in the areas of allergy clinical trials diagnostic genetics women’s health cardiovascular disease identity forensics infectious disease endocrinology oncology coagulation occupational testing and pain management.