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Kindred Healthcare reports 1Q loss

LOUISVILLE, Ky. (AP) _ Kindred Healthcare Inc. (KND) on Wednesday reported a first-quarter loss of $5.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Louisville, Kentucky-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, came to 4 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 4 cents per share.

The operator of nursing and rehabilitation centers posted revenue of $1.77 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.78 billion.

For the current quarter ending in July, Kindred Healthcare expects its per-share earnings to range from 10 cents to 20 cents.

The company expects full-year earnings in the range of 40 cents to 70 cents per share, with revenue ranging from $7.1 billion to $7.3 billion.

Kindred Healthcare shares have risen 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.95, a decline of 32 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 KND at https://www.zacks.com/ap/KND


Keywords: Kindred Healthcare, Earnings Report