BATON ROUGE, La. (AP) — BATON ROUGE, La. (AP) — Amedisys Inc. (AMED) on Wednesday reported third-quarter earnings of $16.9 million.
The Baton Rouge, Louisiana-based company said it had net income of 51 cents per share. Earnings, adjusted for non-recurring costs, were $1 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The home health care and hospice services provider posted revenue of $587.7 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $588.1 million.
Amedisys shares have risen roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $97.71, a rise of nearly 6% 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 Zacks stock report on AMED at https://www.zacks.com/ap/AMED