AAC Holdings: 3Q Earnings Snapshot
BRENTWOOD, Tenn. (AP) _ AAC Holdings Inc. (AACH) on Tuesday reported a loss of $13.1 million in its third quarter.
On a per-share basis, the Brentwood, Tennessee-based company said it had a loss of 52 cents. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 40 cents per share.
The operator of the American Addiction Center substance abuse facilities posted revenue of $58.9 million in the period.
AAC Holdings expects full-year results to range from a loss of $2.15 per share to a loss of $2.10 per share, with revenue in the range of $230 million to $240 million.
The company’s shares closed at 96 cents. A year ago, they were trading at $2.99.