Laboratory Corporation Of America Holdings Q2 Profit Advances 9%

(RTTNews) - Laboratory Corporation Of America Holdings (LH) announced earnings for its second quarter that increased from last year.

The company said its bottom line came in at $426.7 million, or $2.31 per share. This was up from $391.0 million, or $2.09 per share, in last year's second quarter.

Analysts had expected the company to earn $2.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.2% to $2.38 billion. This was up from $2.22 billion last year.

Laboratory Corporation Of America Holdings earnings at a glance:

-Earnings (Q2): $426.7 Mln. vs. $391.0 Mln. last year. -Earnings Growth (Y-o-Y): 9.1% -EPS (Q2): $2.31 vs. $2.09 last year. -EPS Growth (Y-o-Y): 10.5% -Analysts Estimate: $2.30 -Revenue (Q2): $2.38 Bln vs. $2.22 Bln last year. -Revenue Change (Y-o-Y): 7.2%

-Guidance: Full year EPS guidance: $8.60 - $8.95