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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
February 18, 2004 at 07:00 PM
NU Online News Service, Feb. 18, 2004, 12:10 p.m. EST – Insurance testing volume was strong at LabOne Inc., Lenexa, Kan., during the fourth quarter of 2003.[@@]
The company is reporting a total of $5.7 million in net income for the latest quarter on $92 million in revenue, up from $4.4 million in net income on $77.9 million in revenue for the fourth quarter of 2002.
LabOne sells drug testing services and medical testing services, but it gets the majority of its revenue from selling risk-assessment services and related services to life and health insurers.
The company’s risk-assessment services revenue increased to $61.6 million in the fourth quarter of 2003, up 13% from the total for the comparable quarter in 2002.
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