Select Medical: 2Q Earnings Snapshot
MECHANICSBURG, Pa. (AP) _ Select Medical Holdings Corp. (SEM) on Thursday reported second-quarter earnings of $46.5 million.
On a per-share basis, the Mechanicsburg, Pennsylvania-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring gains, came to 31 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The hospital and rehabilitation center operator posted revenue of $1.3 billion in the period.
Select Medical expects full-year earnings in the range of 97 cents to $1.12 per share, with revenue in the range of $5 billion to $5.2 billion.
Select Medical shares have risen 20 percent since the beginning of the year. The stock has risen 34 percent in the last 12 months.