AP NEWS

Civitas Solutions: Fiscal 3Q Earnings Snapshot

August 7, 2018

BOSTON (AP) _ Civitas Solutions Inc. (CIVI) on Tuesday reported fiscal third-quarter earnings of $9.6 million.

On a per-share basis, the Boston-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.

The provider of group homes and home-based care for the developmentally disabled posted revenue of $404.5 million in the period.

Civitas Solutions expects full-year revenue in the range of $1.58 billion to $1.61 billion.

Civitas Solutions shares have dropped 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.40, a drop of 3 percent 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 CIVI at https://www.zacks.com/ap/CIVI

AP RADIO
Update hourly