It’s a trifecta of good news for three NC firms: LabCorp, ChannelAdvisor and Iqvia all topped Wall Street expectations in their latest financial reports.

The details:

LabCorp earnings reach nearly $940M

BURLINGTON – Laboratory Corp. of America Holdings (LH) on Thursday reported fourth-quarter profit of $938.3 million.

On a per-share basis, the Burlington, North Carolina-based company said it had profit of $9.54. Earnings, adjusted for non-recurring costs, came to $10.56 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $8.05 per share.

The medical laboratory operator posted revenue of $4.49 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $3.98 billion.

For the year, the company reported profit of $1.56 billion, or $15.88 per share. Revenue was reported as $13.98 billion.

LabCorp expects full-year earnings in the range of $19 to $23 per share.

LabCorp shares have climbed 13% since the beginning of the year, while the Standard & Poor’s 500 index has risen 4%. The stock has risen 25% in the last 12 months.

ChannelAdvisor earns more than $6M

MORRISVILLE – ChannelAdvisor Corp. (ECOM) on Thursday reported fourth-quarter earnings of $6.1 million.

The Morrisville, North Carolina-based company said it had profit of 20 cents per share. Earnings, adjusted for stock option expense, came to 26 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The provider of cloud-based e-commerce services posted revenue of $40.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $38 million.

For the year, the company reported profit of $18.8 million, or 63 cents per share. Revenue was reported as $145.1 million.

For the current quarter ending in April, ChannelAdvisor said it expects revenue in the range of $37.3 million to $37.7 million.

ChannelAdvisor shares have climbed 60% since the beginning of the year. The stock has more than doubled in the last 12 months.

Iqvia reports earnings of $119M

DURHAM – IQVIA Holdings Inc. (IQV) on Wednesday reported fourth-quarter earnings of $119 million.

On a per-share basis, the Durham, North Carolina-based company said it had net income of 61 cents. Earnings, adjusted for one-time gains and costs, were $2.11 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The clinical testing company posted revenue of $3.3 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $3.15 billion.

For the year, the company reported profit of $279 million, or $1.43 per share. Revenue was reported as $11.36 billion.

For the current quarter ending in April, IQVIA expects its per-share earnings to range from $1.81 to $1.87.

The company said it expects revenue in the range of $3.15 billion to $3.2 billion for the fiscal first quarter.

IQVIA expects full-year earnings in the range of $7.77 to $8.08 per share, with revenue ranging from $12.55 billion to $12.9 billion.

IQVIA shares have risen nearly 3% since the beginning of the year. The stock has increased 15% in the last 12 months.