Latest News by Industry
FRISCO, Texas (AP) — FRISCO, Texas (AP) — Addus HomeCare Corp. (ADUS) on Monday reported third-quarter net income of $20.2 million.
On a per-share basis, the Frisco, Texas-based company said it had profit of $1.10. Earnings, adjusted for one-time gains and costs, came to $1.30 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $289.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $288.9 million.
Addus HomeCare shares have increased 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $128.96, a climb of 57% 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 ADUS at https://www.zacks.com/ap/ADUS