Addus HomeCare: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2023, 05:15 PM ET
Last Updated - Jul 31, 2023, 05:15 PM EDT
FRISCO, Texas (AP) — FRISCO, Texas (AP) — Addus HomeCare Corp. (ADUS) on Monday reported second-quarter net income of $14.9 million.
The Frisco, Texas-based company said it had net income of 91 cents per share. Earnings, adjusted for one-time gains and costs, were $1.07 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The provider of home-based personal care, nursing and rehabilitative therapy services posted revenue of $260 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $255.6 million.
