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Laboratory Corporation of America Holdings

  • *Jefferies raises price target to $100 from $90; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • Feb 8- Diagnostics testing company Laboratory Corp of America Holdings reported a drop in fourth-quarter profit on Friday and said bad weather, particularly Superstorm Sandy, was partly to blame. LabCorp said it experienced promising volume growth during the quarter that lead it to forecast a 2 to 3 percent higher revenue in 2013..

  • The company reported net income of $120.2 million, or $1.26 per share, down from $135.4 million, or $1.34 per share, a year earlier. As use of medical services has fallen during the past few years with the economic downturn, Lab Corp and competitors have also been hurt.

  • The company reported net income of $120.2 million, or $1.26 per share, down from $135.4 million, or $1.34 per share, a year earlier. Lab Corp said revenue was $1.4 billion, in line with analyst consensus estimates for fourth-quarter revenue of $1.39 billion, according to Thomson Reuters I/B/E/S.