AP NEWS
Click to copy
Click to copy

U.S. Physical Therapy: 2Q Earnings Snapshot

August 8, 2019

HOUSTON (AP) _ U.S. Physical Therapy Inc. (USPH) on Thursday reported second-quarter net income of $10.8 million.

On a per-share basis, the Houston-based company said it had net income of 85 cents. Earnings, adjusted for non-recurring gains, came to 81 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 81 cents per share.

The physician staffing services company posted revenue of $126.4 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $124.9 million.

U.S. Physical Therapy expects full-year earnings in the range of $2.87 to $2.97 per share.

U.S. Physical Therapy shares have increased 24% since the beginning of the year. The stock has risen 13% 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 USPH at https://www.zacks.com/ap/USPH

All contents © copyright 2019 The Associated Press. All rights reserved.