Laboratory Corporation of America Holdings (LH), more commonly known as LabCorp, is an American S&P 500 company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. LabCorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered. LabCorp was an early pioneer of genomic testing using polymerase chain reaction (PCR) technology, at its Center for Molecular Biology and Pathology in Research Triangle Park, North Carolina, where it also performs other molecular diagnostics. It also does oncology testing, human immunodeficiency virus (HIV) genotyping and phenotyping. LabCorp also operates the National Genetics Institute, Inc. (NGI) in Los Angeles, California which develops PCR testing methods. LabCorp's ViroMed facility , originally in Minnetonka, Minnesota, is now housed in Burlington, NC and performs real-time PCR microbial testing using laboratory-developed assays. LabCorp also provides testing in Puerto Rico and, outside the United States, in three Canadian provinces. LabCorp Utilizes 7 PA-31-350's and 1 PC-12 Aircraft on nightly runs from Burlington, NC for use on the east coast. LabCorp has been criticized for its practice of paying the salaries of genetic counselors in hospitals and doctors' offices, which is perceived to be a possible conflict of interest.
Reported before open today (4/25/16) Earnings: EPS $2.02 Revenue $2.295B Estimates: EPS $1.96 Revenue $2.197B
Reported before open today (10/26/16) Earnings: EPS $2.25 Revenue $2.4B Estimates: EPS $2.29 Revenue $2.38B Down 8.63% today
