MISSION VIEJO, Calif. (AP) _ The Ensign Group Inc. (ENSG) on Monday reported first-quarter net income of $27.4 million.
The Mission Viejo, California-based company said it had profit of 49 cents per share. Earnings, adjusted for one-time gains and costs, were 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The provider of nursing and rehabilitative care services posted revenue of $549.2 million in the period.
Ensign Group expects full-year earnings to be $2.22 to $2.30 per share, with revenue in the range of $2.34 billion to $2.4 billion.
Ensign Group shares have climbed 34% since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.03, an increase of 61% 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 ENSG at https://www.zacks.com/ap/ENSG