On July 24, 2008, Laboratory Corporation of America Holdings (LH) reported a year-over-year 2nd quarter earnings decline of 19 percent, largely due to restructuring charges. The company also cut its full-year earnings forecast to $4.54 to $4.66 per share, down from previous projections of $4.74 to $4.90. The company cited weak economic conditions, slower than expected industry growth, and a decrease in the number of patients seeking nonemergency care as justification for the lowered guidance. Source: http://www.reuters.com/article/BROKER/idUSN2427014820080724?pageNumber=1&virtualBrandChannel=0