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Kindred Healthcare Inc Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 Earnings Guidance


Monday, 7 Jan 2013 05:30pm EST 

Kindred Healthcare Inc announced revised earnings guidance for fiscal 2013 as a result of certain Medicare reimbursement changes included in the recently enacted American Taxpayer Relief Act of 2012. The Company expects consolidated revenues for fiscal 2013 will approximate $5.9 billion. Operating income, or earnings before interest, income taxes, depreciation, amortization and rent, is expected to range from $794 million to $810 million. The Company expects to report income from continuing operations for 2013 between $60 million and $70 million or $1.10 to $1.30 per diluted share (EPS). The Company's previous earnings guidance for fiscal 2013 ranged from $1.20 to $1.40 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $5.9 billion, net income of $67 million and EPS of $1.27 for fiscal 2013. 

Company Quote

21.55
-0.15 -0.69%
22 Aug 2014