Kindred Healthcare Q1 Profit Rises, Backs 2014 Outlook - Quick Facts

(RTTNews) - Kindred Healthcare, Inc. (KND) Wednesday reported first-quarter net income of $7.77 million or $0.15 per share, higher than $2.97 million or $0.06 per share in the prior-year quarter.

Income from continuing operations for the quarter increased to $16.26 million or $0.31 per share, higher than $10.13 million or $0.20 per share in the year-ago quarter.

Excluding items, adjusted income from continuing operations was $17.21 million or $0.32 per share, compared to $22.96 million or $0.43 per share last year.

Revenues for the quarter grew to $1.30 billion from $1.28 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected earnings of $0.33 on revenues of $1.32 billion for the quarter. Analysts' estimates typically exclude one-time items.

The company also declared a regular quarterly cash dividend of $0.12 per common share, payable on June 11 to shareholders of record as of the close of business on May 21, 2014.

Looking ahead to fiscal 2014, the company continues to expect earnings for continuing operations in the range of $1.05 to $1.25 per share. Analysts expect earnings of $1.16 per share for the full-year 2014.