AAC Holdings: 3Q Earnings Snapshot

November 6, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAC at https://www.zacks.com/ap/AAC

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