Laboratory Corporation Of America Holdings Q3 adjusted earnings Beat Estimates

(RTTNews) - Laboratory Corporation Of America Holdings (LH) announced a profit for its third quarter that increased from the same period last year.

The company's profit totaled $703.4 million, or $7.17 per share. This compares with $220.7 million, or $2.25 per share, in last year's third quarter.

Excluding items, Laboratory Corporation Of America Holdings reported adjusted earnings of $824.3 million or $8.41 per share for the period.

Analysts had expected the company to earn $5.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 33.1% to $3.90 billion from $2.93 billion last year.

Laboratory Corporation Of America Holdings earnings at a glance:

-Earnings (Q3): $824.3 Mln. vs. $285.5 Mln. last year. -EPS (Q3): $8.41 vs. $2.90 last year. -Analysts Estimate: $5.25 -Revenue (Q3): $3.90 Bln vs. $2.93 Bln last year.