Ensign Group Inc. (ENSG) on Wednesday reported first-quarter profit of $59.9 million.
The San Juan Capistrano, California-based company said it had net income of $1.05 per share. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The provider of nursing and rehabilitative care services posted revenue of $886.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $846.5 million.
Ensign Group expects full-year earnings to be $4.64 to $4.77 per share, with revenue in the range of $3.68 billion to $3.73 billion
SAN JUAN CAPISTRANO, Calif. (AP) — SAN JUAN CAPISTRANO, Calif. (AP) — The Ensign Group Inc. (ENSG) on Wednesday reported first-quarter profit of $59.9 million.
The San Juan Capistrano, California-based company said it had net income of $1.05 per share. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The provider of nursing and rehabilitative care services posted revenue of $886.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $846.5 million.
Ensign Group expects full-year earnings to be $4.64 to $4.77 per share, with revenue in the range of $3.68 billion to $3.73 billion.
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