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MECHANICSBURG, Pa. (AP) — MECHANICSBURG, Pa. (AP) — Select Medical Holdings Corp. (SEM) on Thursday reported first-quarter profit of $70.8 million.
On a per-share basis, the Mechanicsburg, Pennsylvania-based company said it had net income of 56 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The hospital and rehabilitation center operator posted revenue of $1.66 billion in the period.
Select Medical expects full-year earnings to be $1.75 to $1.99 per share, with revenue in the range of $6.5 billion to $6.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SEM">Zacks stock report on SEM at https://www.zacks.com/ap/SEM