MECHANICSBURG, Pa. (AP) _ Select Medical Holdings Corp. (SEM) on Thursday reported third-quarter net income of $30.7 million.
The Mechanicsburg, Pennsylvania-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring costs, were 33 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The hospital and rehabilitation center operator posted revenue of $1.39 billion in the period.
Select Medical expects full-year earnings in the range of $1.07 to $1.13 per share, with revenue in the range of $5.38 billion to $5.43 billion.
Select Medical shares have risen 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.22, a rise of almost 10% in the last 12 months.