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Addus HomeCare: Q1 Earnings Snapshot

Associated Press Finance
·1-min read

FRISCO, Texas (AP) — FRISCO, Texas (AP) — Addus HomeCare Corp. (ADUS) on Monday reported first-quarter profit of $15.8 million.

The Frisco, Texas-based company said it had profit of 97 cents per share. Earnings, adjusted for one-time gains and costs, were $1.21 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $280.7 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $277.5 million.

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Addus HomeCare shares have climbed 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $97.64, a climb of 21% 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