U.S. Physical Therapy: 4Q Earnings Snapshot
HOUSTON (AP) _ U.S. Physical Therapy Inc. (USPH) on Thursday reported fourth-quarter net income of $8.7 million.
The Houston-based company said it had net income of 68 cents per share. Earnings, adjusted for non-recurring costs, came to $1.08 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The physician staffing services company posted revenue of $117.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $118.1 million.
For the year, the company reported profit of $31.8 million, or $2.48 per share. Revenue was reported as $423 million.
U.S. Physical Therapy shares have increased 18% since the beginning of the year. The stock has risen 8.5% in the last 12 months.