LAFAYETTE, Louisiana — LHC Group Inc., a Lafayette-based home nursing firm, reports its second-quarter profit jumped nearly 50 percent to $9 million, or 51 cents per share.
Net service revenue rose 6 percent to $200.2 million, thanks to increased admissions in both the home health and hospice segments.
The Advocate reports (http://bit.ly/1T6v21M) LHC easily outstripped Wall Street's expectations. Analysts surveyed by Zacks Investment Service had forecast earnings of 41 cents.
LHC also raised its full-year earnings guidance to a range of $1.70 to $1.80 per share. Earlier, LHC said it expected a per-share profit of $1.55 to $1.70. The company said it expects 2015 revenue in the range of $780 million to $795 million, up from the previous level of $765 million to $780 million.
Information from: The Advocate, http://theadvocate.com