Chemed: Q2 Earnings Snapshot

Associated Press Finance
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CINCINNATI (AP) — CINCINNATI (AP) — Chemed Corp. (CHE) on Wednesday reported second-quarter earnings of $53.4 million.

The Cincinnati-based company said it had net income of $3.51 per share. Earnings, adjusted for non-recurring costs, were $4.71 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.09 per share.

The operator of the Roto-Rooter plumbing service and Vitas Healthcare hospices posted revenue of $553.8 million in the period.

Chemed expects full-year earnings in the range of $19.90 to $20.10 per share.

Chemed shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $566.64, a climb of 9.5% 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 CHE at https://www.zacks.com/ap/CHE

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