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Amedisys: 2Q Earnings Snapshot

July 31, 2019

BATON ROUGE, La. (AP) _ Amedisys Inc. (AMED) on Wednesday reported second-quarter net income of $33.7 million.

On a per-share basis, the Baton Rouge, Louisiana-based company said it had profit of $1.02. Earnings, adjusted for non-recurring costs, were $1.21 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The home health care and hospice services provider posted revenue of $493 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $491 million.

Amedisys expects full-year earnings in the range of $4.05 to $4.12 per share, with revenue in the range of $1.94 billion to $1.98 billion.

Amedisys shares have risen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $137.89, a rise of 47% in the last 12 months.

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

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