AAC Holdings: 3Q Earnings Snapshot
BRENTWOOD, Tenn. (AP) _ AAC Holdings Inc. (AAC) on Tuesday reported a third-quarter loss of $11.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Brentwood, Tennessee-based company said it had a loss of 47 cents. Losses, adjusted for one-time gains and costs, came to 8 cents per share.
The operator of the American Addiction Center substance abuse facilities posted revenue of $77.5 million in the period.
AAC Holdings expects full-year results to range from a loss of 15 cents per share to a loss of 10 cents per share, with revenue in the range of $315 million to $320 million.
AAC Holdings shares have fallen 41 percent since the beginning of the year. The stock has decreased 47 percent in the last 12 months.