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Wednesday, April 7, 2010 as of 11:14 AM ET

Laboratory Corp. of America

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Laboratory Corporation of America Holdings (), more commonly known as LabCorp, is an S&P 500 company headquartered in Burlington, North Carolina.

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Laboratory Corp. Slips On Disappointing Sales

Shares of Laboratory Corp.

of America Holdings fell as much as 4% Friday after the company's latest sales numbers fell short of Wall Street expectations. Before the opening bell the Burlington, N.C.-based company, which provides a wide range of medical test services, reported a fourth-quarter profit of $135.4 million, or $1.34 a share. Adjusted to exclude one-time items the company earned $1.56 a share, topping the $1.51 a share analysts were looking for. But revenue for the quarter came in at $1.366 billion. Analysts had been expecting $1.38 billion, raising concern that the improved earnings reflected financial leverage rather than organic growth. Laboratory Corp. shares were last down 3.9% at $88.21, nearly unchanged from where they were trading a year ago.Copyright © 2012 MarketWatch, Inc....

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    FOX Business: The Power to ProsperThe markets traded higher amid optimism over corporate earnings and continued merger activity even as oil hit a 2-1/2 year high. To...

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    FOX Business: The Power to ProsperThe markets were modestly in positive territory as traders mulled merger activity, earnings and oil prices hitting 2-1/2 year highs...

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