NEW YORK (GenomeWeb) – Laboratory Corporation of America on Thursday reported a 6 percent growth year over year in fourth quarter revenues, thanks largely to an 8 percent increase in revenues from its diagnostics business.

For the three months ended Dec. 31, 2016, LabCorp posted $2.43 billion in revenues, up from $2.30 billion in Q4 2015 and surpassing the analysts' average estimate of $2.35 billion.

Net revenue in the quarter came in at $2.39 billion, a 6 percent increase from $2.24 billion in Q4 2015, on acquisitions and organic growth.

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