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NEW YORK (360Dx) – Laboratory Corporation of America today reported 8 percent year-over-year revenue growth companywide for the third quarter while the company's diagnostics revenues were flat.

Total revenues for the quarter was $2.83 billion, up from $2.62 billion in the third quarter of 2017, and missed the consensus Wall Street estimate of $2.84 billion.

Growth was driven largely by acquisitions, which accounted for 6.5 percent of growth, and strong performance in the company's Covance drug development business. Organically, revenues were up almost 3 percent.

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