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AAC Holdings reports 1Q loss

BRENTWOOD, Tenn. (AP) _ AAC Holdings Inc. (AAC) on Wednesday reported a first-quarter loss of $603,000, after reporting a profit in the same period a year earlier.

The Brentwood, Tennessee-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The operator of the American Addiction Center substance abuse facilities posted revenue of $73 million in the period.

AAC Holdings expects full-year earnings in the range of 50 cents to 58 cents per share, with revenue in the range of $295 million to $305 million.

AAC Holdings shares have climbed roughly 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.38, a fall of 64 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 AAC at https://www.zacks.com/ap/AAC


Keywords: AAC Holdings, Earnings Report