Addus HomeCare: Q4 Earnings Snapshot
FRISCO, Texas (AP) — FRISCO, Texas (AP) — Addus HomeCare Corp. (ADUS) on Monday reported fourth-quarter profit of $19.6 million.
On a per-share basis, the Frisco, Texas-based company said it had profit of $1.20. Earnings, adjusted for one-time gains and costs, came to $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $276.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $274 million.
For the year, the company reported profit of $62.5 million, or $3.83 per share. Revenue was reported as $1.06 billion.
Addus HomeCare shares have dropped roughly 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $87.33, a decrease of 17% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADUS at https://www.zacks.com/ap/ADUS
