Amedisys: Q2 Earnings Snapshot
BATON ROUGE, La. (AP) _ Amedisys Inc. (AMED) on Wednesday reported second-quarter net income of $29.6 million.
The Baton Rouge, Louisiana-based company said it had profit of 91 cents per share. Earnings, adjusted for non-recurring costs, came to $1.47 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The home health care and hospice services provider posted revenue of $557.9 million in the period, which fell short of Street forecasts. Ten analysts surveyed by Zacks expected $581.7 million.
Amedisys expects full-year earnings in the range of $5.23 to $5.45 per share.
Amedisys shares have declined 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $128.16, a decrease of 50% in the last 12 months.