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LABORATORY CORP. OF AMERICA Burlington, North Carolina; Medical Test Maker Bends, But Hardly Breaks, From Hurricane Hits.(THE NEW AMERICA)

Investor's Business Daily

Byline: DAVE EISENSTADT

Two months after a trio of hurricanes blitzed the Gulf Coast, the combined wallop continues to bruise the top line of companies like Laboratory Corp. of America.

In a recent conference call, Lab Corp. Chief Executive Thomas MacMahon said hurricanes lowered his firm's third-quarter revenue by around $7 million.

That sounds like pocket change, considering that Lab Corp. posted $853 million in third-quarter sales. Still, the impact is expected to linger for at least another quarter.

About 1,000 Lab Corp. employees work in the Gulf states, mainly Mississippi and Louisiana. The company has experienced a drop in the number of tests given …

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