Addus HomeCare: 2Q Earnings Snapshot
FRISCO, Texas (AP) _ Addus HomeCare Corp. (ADUS) on Monday reported second-quarter profit of $5.5 million.
The Frisco, Texas-based company said it had profit of 41 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 56 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $149.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $146.7 million.
Addus HomeCare shares have increased 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $76.71, an increase of 11% in the last 12 months.