Amedisys Q3 Profit Trounces Estimates

(RTTNews) - Amedisys, Inc. (AMED) reported net income for the third quarter of $8.4 million or $0.26 per share, compared to a net loss of $91.1 million or $2.89 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $9.1 million or $0.28 per share.

Net service revenue for the third quarter declined to $300.28 million from $301.29 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.15 per share on revenue of $299.26 million for the third quarter. Analysts' estimates typically exclude special items.