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Almost Family beats 4Q profit forecasts

LOUISVILLE, Ky. (AP) _ Almost Family Inc. (AFAM) on Tuesday reported fourth-quarter earnings of $3.6 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The provider of home health nursing, rehabilitation and personal-care services posted revenue of $153.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $157.8 million.

For the year, the company reported profit of $17.7 million, or $1.71 per share. Revenue was reported as $623.5 million.

Almost Family shares have climbed 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $48.10, a rise of 29 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


Keywords: Almost Family, Earnings Report