BIRMINGHAM, Ala. (AP) _ Encompass Health Corp. (EHC) on Monday reported second-quarter earnings of $91.2 million.
On a per-share basis, the Birmingham, Alabama-based company said it had net income of 92 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.08 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The rehabilitation hospital operator posted revenue of $1.14 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.13 billion.
Encompass Health expects full-year earnings in the range of $3.71 to $3.85 per share, with revenue in the range of $4.5 billion to $4.6 billion.
Encompass Health shares have increased slightly more than 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $67.51, a decrease of roughly 10% in the last 12 months.