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Acadia Healthcare tops 4Q profit forecasts

FRANKLIN, Tenn. (AP) _ Acadia Healthcare Co. (ACHC) on Thursday reported fourth-quarter net income of $41.8 million.

The Franklin, Tennessee-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, were 59 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The provider of inpatient behavioral health care services posted revenue of $713.8 million in the period. Its adjusted revenue was $702.9 million, missing Street forecasts. Eight analysts surveyed by Zacks expected $706.6 million.

For the year, the company reported profit of $6.1 million, or 7 cents per share. Revenue was reported as $2.81 billion.

For the current quarter ending in April, Acadia Healthcare expects its per-share earnings to range from 45 cents to 47 cents.

The company expects full-year earnings in the range of $2.40 to $2.50 per share, with revenue ranging from $2.85 billion to $2.9 billion.

Acadia Healthcare shares have risen 31 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.24, a fall of 23 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 ACHC at https://www.zacks.com/ap/ACHC


Keywords: Acadia Healthcare, Earnings Report