Addus HomeCare: 3Q Earnings Snapshot
FRISCO, Texas (AP) _ Addus HomeCare Corp. (ADUS) on Monday reported third-quarter net income of $4.9 million.
On a per-share basis, the Frisco, Texas-based company said it had profit of 34 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 62 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $169.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $161.2 million.
Addus HomeCare shares have increased 25% since the beginning of the year. In the final minutes of trading on Monday, shares hit $84.91, a rise of 30% in the last 12 months.