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Kindred healthcare reports first quarter 2017 results


Wednesday, 3 May 2017 04:30pm EDT 

May 3 (Reuters) - Kindred Healthcare Inc ::Kindred Healthcare reports first quarter 2017 results.Q1 GAAP core earnings per share $0.04 from continuing operations.Q1 GAAP loss per share $0.07 from continuing operations.Q1 revenue $1.77 billion versus I/B/E/S view $1.78 billion.Sees Q2 2017 core earnings per share about $0.10 to $0.20 from continuing operations.Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Reaffirms 2017 guidance for annual revenues of $7.2 billion, with a range of $7.1 billion to $7.3 billion.Says for 2018, reaffirms annual revenues of approximately $6.3 billion, core diluted EPS from continuing operations of approximately $0.80.Reaffirms 2017 guidance for core EBITDAR of $930 million, with a range of $910 million to $950 million.Says for 2018 reaffirms core EBITDAR of approximately $840 million.Says outlook estimates assume that Kindred completes its skilled nursing facilities exit prior to start of 2018.Reaffirms 2017 guidance for core diluted EPS from continuing operations of $0.55, with a range of $0.40 to $0.70 per share.For Q2 of 2017, Kindred expects core EBITDAR of approximately $225 million to $240 million.FY2017 earnings per share view $0.51, revenue view $7.16 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.