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Select Medical: 3Q Earnings Snapshot

MECHANICSBURG, Pa. (AP) _ Select Medical Holdings Corp. (SEM) on Thursday reported third-quarter net income of $32.9 million.

On a per-share basis, the Mechanicsburg, Pennsylvania-based company said it had net income of 24 cents. Earnings, adjusted for non-recurring gains, were 23 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The hospital and rehabilitation center operator posted revenue of $1.27 billion in the period.

Select Medical expects full-year earnings in the range of $1.01 to $1.07 per share.

Select Medical shares have declined 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.90, a fall of 9 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 SEM at https://www.zacks.com/ap/SEM