HealthSouth Tops Wall Street Estimates, Raises Outlook

By Wallace WitkowskiMarketWatch Pulse

HealthSouth Corp. late Tuesday topped Wall Street estimates for the fourth quarter and raised its outlook for the year. The healthcare-services company reported adjusted fourth-quarter earnings of 59 cents a share on revenue of $879.3 million. Analysts surveyed by FactSet had forecast 58 cents a share on revenue of $859.3 million. The company now sees 2016 earnings of $2.32 to $2.44 a share, while analysts estimate $2.50 a share. Shares of HealthSouth were flat at $32.82 after hours.

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