In a Feb. 26 story about the financial results of LHC Group Inc., The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company missed Wall Street profit expectations. The company beat Wall Street profit expectations.
A corrected version of the story is below:
Continue Reading Below
LHC beats 4Q profit forecasts
LHC Group beats 4Q net income, revenue forecasts
LAFAYETTE, La. (AP) — LHC Group Inc. (LHCG) on Wednesday reported fourth-quarter earnings of $5.5 million.
The Lafayette, Louisiana-based company said it had profit of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 45 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $193.4 million in the period, beating Street forecasts. Analysts expected $190.8 million, according to Zacks.
For the year, the company reported profit of $21.8 million, or $1.26 per share. Revenue was reported as $733.6 million.
LHC expects full-year earnings to be $1.50 to $1.70 per share, with revenue in the range of $755 million to $775 million.
LHC shares have decreased 7 percent since the beginning of the year. The stock has increased 21 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LHCG at http://www.zacks.com/ap/LHCG
Keywords: LHC Group, Earnings Report