NEW YORK (GenomeWeb) – Laboratory Corporation of America today reported that its third quarter revenues rose 4 percent over Q3 2015, with organic revenue growth and acquisitions offsetting the negative impact of currency translation.

For the quarter ended Sept. 30, the firm reported total revenues of $2.41 billion, up from $2.32 billion year over year and beating the average Wall Street analysts' estimate of $2.38 billion.

Its stock sank in Wednesday morning trade, though, as the firm fell short of the consensus estimate on the bottom line.