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CINCINNATI (AP) — CINCINNATI (AP) — Chemed Corp. (CHE) on Thursday reported fourth-quarter profit of $62.1 million.
On a per-share basis, the Cincinnati-based company said it had net income of $4.13. Earnings, adjusted for non-recurring costs, were $5.39 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.30 per share.
The operator of the Roto-Rooter plumbing service and Vitas Healthcare hospices posted revenue of $546.7 million in the period.
For the year, the company reported profit of $249.6 million, or $16.53 per share. Revenue was reported as $2.13 billion.
Chemed expects full-year earnings in the range of $20.75 to $21.10 per share.
Chemed shares have climbed slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $511.26, a rise of 12% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CHE">Zacks stock report on CHE at https://www.zacks.com/ap/CHE