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Almost Family meets 2Q profit forecasts

LOUISVILLE, Ky. (AP) _ Almost Family Inc. (AFAM) on Tuesday reported second-quarter net income of $4.8 million.

The Louisville, Kentucky-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, were 56 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 56 cents per share.

The provider of home health nursing, rehabilitation and personal-care services posted revenue of $200.7 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $205.2 million.

Almost Family shares have climbed slightly more than 9 percent since the beginning of the year. The stock has climbed 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


Keywords: Almost Family, Earnings Report