FRANKLIN, Tenn. (AP) _ Acadia Healthcare Co. (ACHC) on Tuesday reported first-quarter net income of $29.5 million.
On a per-share basis, the Franklin, Tennessee-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring costs, came to 39 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The provider of inpatient behavioral health care services posted revenue of $760.6 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $759.6 million.
Acadia Healthcare shares have climbed 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.02, a drop of 10% 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 ACHC at https://www.zacks.com/ap/ACHC