Reuters logo
Gentiva profit beats estimates as home health unit revenue rises
August 5, 2014 / 11:35 AM / in 3 years

Gentiva profit beats estimates as home health unit revenue rises

Aug 5 (Reuters) - Gentiva Health Services Inc reported a better-than-expected adjusted profit, driven by higher revenue from its home health business, and raised its full-year adjusted income forecast.

Gentiva said it now expects full-year adjusted earnings of 95 cents to $1.15 per share, beating the average analyst expectation of 90 cents per share.

On an adjusted basis, Gentiva’s net income attributable to shareholders rose to $13.9 million, or 38 cents per share, in the second quarter ended June 30, from $6.8 million, or 22 cents per share, a year earlier.

Revenue rose 20 percent to $498 million.

Analysts had expected adjusted earnings of 23 cents per share on revenue of $492.3 million, according to Thomson Reuters I/B/E/S. (Reporting By Amrutha Penumudi; Editing by Simon Jennings)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below