Acadia Healthcare: 2Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Acadia Healthcare Co. (ACHC) on Monday reported second-quarter earnings of $58.8 million.
The Franklin, Tennessee-based company said it had profit of 67 cents per share. Earnings, adjusted for non-recurring costs, were 70 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 70 cents per share.
The provider of inpatient behavioral health care services posted revenue of $765.7 million in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $767 million.
Acadia Healthcare expects full-year earnings in the range of $2.52 to $2.56 per share, with revenue in the range of $3.02 billion to $3.06 billion.
Acadia Healthcare shares have climbed 32 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $43.10, a decrease of 19 percent in the last 12 months.