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NEW YORK (360Dx) – Laboratory Corporation of America today reported a 2 percent year-over-year drop in Q1 revenues.

LabCorp revenues for the quarter ended March 31 were $2.79 billion, down from $2.85 billion in the same quarter last year, and below the consensus Wall Street estimate of $2.83 billion.

The company saw a negative impact of almost 2 percent from the disposition of businesses and a negative impact of almost 1 percent from currency translation, which was balanced against a .5 percent positive impact from acquisitions, it said.

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