BATON ROUGE, La. (AP) _ Amedisys Inc. (AMED) on Tuesday reported first-quarter profit of $31.3 million.
The Baton Rouge, Louisiana-based company said it had net income of 95 cents per share. Earnings, adjusted for non-recurring costs, came to $1.11 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The home health care and hospice services provider posted revenue of $467.3 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $461.4 million.
Amedisys expects full-year earnings in the range of $3.98 to $4.09 per share, with revenue in the range of $1.94 billion to $1.98 billion.
Amedisys shares have increased 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $127.92, a climb of 94% 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 AMED at https://www.zacks.com/ap/AMED