HealthSouth matches 2Q earnings expectations, tops revenue forecasts

MarketsAssociated Press

HealthSouth Corp. (HLS) on Wednesday reported second-quarter profit of $42.9 million.

On a per-share basis, the Birmingham, Alabama-based company said it had net income of 45 cents. Earnings, adjusted to extinguish debt and to account for discontinued operations, were 58 cents per share.

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The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share.

The rehabilitation hospital operator posted revenue of $764.4 million in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $744.4 million.

HealthSouth expects full-year earnings to be $2.11 to $2.17 per share.

HealthSouth shares have increased 21 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.39, an increase of 16 percent 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 HLS at http://www.zacks.com/ap/HLS

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Keywords: HealthSouth, Earnings Report