Amedisys reports record earnings
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Another quarter, another record earnings report for home health provider Amedisys Inc. The Baton Rouge-based firm reported net income of $35.9 million, or $1.29 per share, compared to $23.5 million, or 87 cents per share, a year earlier.
The company also reaffirmed its 2009 earnings guidance, with earnings per share expected in the range of $4.75 to $4.90.
“We are pleased to report another strong quarter,” Chief Executive Officer William F. Borne said in a prepared statement. “These results are a demonstration of the outstanding efforts everyone in the organization is contributing to the continued clinical excellence and financial success of the company.”
Although the earnings beat Wall Street analysts’ expectations of $1.27 cents per share, Amedisys shares dropped to $41.81, down $1.30 per share, in early trading today.
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