Boosted by Covance Acquisition, LabCorp Posts 48 Percent Revenue Growth in Q4 | GenomeWeb

NEW YORK (GenomeWeb) – Laboratory Corporation of America today reported fourth quarter revenue growth of 48 percent driven by its acquisition of Covance.

The Burlington, North Carolina-based clinical testing services firm had revenues of $2.24 billion in Q4, up from $1.51 billion in the fourth quarter of 2014 and above the average Wall Street estimate of $2.22 billion.

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