Amedisys: Q4 Earnings Snapshot

February 23, 2022 GMT

BATON ROUGE, La. (AP) _ Amedisys Inc. (AMED) on Wednesday reported fourth-quarter earnings of $34 million.

On a per-share basis, the Baton Rouge, Louisiana-based company said it had net income of $1.04. Earnings, adjusted for non-recurring costs, came to $1.18 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The home health care and hospice services provider posted revenue of $559.3 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $555.3 million.

For the year, the company reported profit of $209.1 million, or $6.34 per share. Revenue was reported as $2.21 billion.

Amedisys expects full-year earnings in the range of $5.23 to $5.45 per share, with revenue in the range of $2.33 billion to $2.37 billion.

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Amedisys shares have decreased 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $134.90, a decline of 52% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMED at https://www.zacks.com/ap/AMED