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Amedisys Inc. Message Board

  • adspatz adspatz Mar 12, 2014 11:05 AM Flag

    Amedisys revenue and earnings fall

    Search for "SEC Live Filings Digest" to find out more.
    Amedisys Inc. (AMED) announced its fourth quarter and full year financial results for the 2013 fiscal year, reporting revenue and earnings that declined. The home-health and hospice company recorded a quarterly net loss of $1.7M and $0.05 per share, a drop from the $7.7M profit and $0.25 per share a year ago. Annual earnings were $8.6M and $0.27 per share, down from $34.8M and $1.15 per share last year, which was short of analyst expectations at $0.30 per share. Revenue of $303.5M exceeded analyst $295M expectations but was a drop from the $351.6M recorded last year. Annual revenue fell from $1.4B to $1.25B. The company’s interim CEO Ronald Laborde commented that unexpected increases in employee healthcare costs resulted in lower quarterly earnings. Laborde also commented that the departure of the company’s senior vice president of finance and treasurer was an independent decision not linked to anything with the company.

38.64Aug 31 4:00 PMEDT