April 25, 2018 / 11:10 AM / 7 months ago

LabCorp quarterly profit falls 5.4 pct

April 25 (Reuters) - Diagnostics testing company Laboratory Corp of America Holdings reported a 5.4 percent fall in quarterly profit on Wednesday, hurt by higher expenses.

Net earnings attributable to LabCorp was $173.2 million, or $1.67 per share, in the first quarter ended March 31, compared with $183 million, or $1.75 per share, a year earlier.

However, net revenue rose 18 percent to $2.85 billion. (Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by Anil D’Silva)

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