FRISCO, Texas (AP) — FRISCO, Texas (AP) — Addus HomeCare Corp. (ADUS) on Monday reported first-quarter profit of $21.2 million.
On a per-share basis, the Frisco, Texas-based company said it had net income of $1.16. Earnings, adjusted for one-time gains and costs, were $1.42 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $337.7 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $340 million.
Addus HomeCare shares have decreased 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $104.37, an increase of slightly more than 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 ADUS at https://www.zacks.com/ap/ADUS
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