LHC Group Profit Rises In Third Quarter
LAFAYETTE, LA (AP) — LHC Group, a Lafayette-based home nursing company, reported its third-quarter profit climbed to $8.8 million, or 50 cents per share, compared to $6.2 million, or 36 cents per share, a year ago.
The Advocate reports stock analysts surveyed by Zacks Investment Research had forecast earnings of 42 cents per share.
LHC also raised its full-year guidance by 5 cents per share to a range of $1.75 to $1.85. The company also raised its revenue projections by $20 million to a range of $805 million to $815 million.
The company also announced it will acquire Kentucky-based Nurses Registry and Home Health Corp. for $5.7 million. Nurses Registry's annual revenue is estimated at $6.5 million.