Addus Homecare (ADUS) moved lower than scratched back to even after hours after the company reported better-than-expected financial results for Q4.
The provider of home and community based services reported Q4 earnings of $0.28 per share, compared with the prior-year period’s $0.32 per share. Excluding one-time costs associated with M&A efforts, changes to the billing process and other special items, the adjusted EPS would have been $0.32. The Capital IQ consensus estimate, which typically excludes one-time items, is for $0.26 EPS.
Revenue was $69.9 million, up 9.6% from $63.8 million in the same quarter last year. Analysts were expecting revenue of $68.03 million.
Revenues from same stores increased to $68.2 million, a 6.9% increase over the prior year with new acquisitions making up the difference.
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