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Almost Family beats 3Q profit forecasts

LOUISVILLE, Ky. (AP) _ Almost Family Inc. (AFAM) on Tuesday reported third-quarter profit of $3.2 million.

The Louisville, Kentucky-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring costs, came to 43 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The provider of home health nursing, rehabilitation and personal-care services posted revenue of $194.3 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $197.5 million.

Almost Family shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.20, a rise of 26 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 AFAM at https://www.zacks.com/ap/AFAM