LHC: Q2 Earnings Snapshot
LAFAYETTE, La. (AP) _ LHC Group Inc. (LHCG) on Wednesday reported second-quarter profit of $10.6 million.
The Lafayette, Louisiana-based company said it had net income of 35 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 98 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $576.2 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $598.9 million.