Correction: Earns-LHC Group story
LAFAYETTE, La. (AP) — In a story March 8 about the fourth-quarter earnings of LHC Group Inc. — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the company is an entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets. It is a health care company.
A corrected version of the story is below:
LHC tops Street 4Q forecasts
LHC Group beats 4Q profit and revenue expectations
LAFAYETTE, La. (AP) — LHC Group Inc. (LHCG) on Wednesday reported fourth-quarter profit of $9.8 million.
On a per-share basis, the Lafayette, Louisiana-based company said it had net income of 55 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The health care company posted revenue of $235.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $233.8 million.
For the year, the company reported profit of $36.6 million, or $2.07 per share. Revenue was reported as $914.8 million.
LHC expects full-year earnings to be $2.07 to $2.23 per share, with revenue in the range of $1 billion to $1.03 billion.
LHC shares have increased 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.46, an increase of 37 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LHCG at https://www.zacks.com/ap/LHCG
Keywords: LHC Group, Earnings Report