Share

Amedisys boost profit, cuts cost

|
News,Business

BATON ROUGE, La. (AP) — Baton Rouge-based Amedisys Inc., one of the nation's largest home health and hospice companies, posted a second-quarter profit of $7.6 million, or 23 cents per share.

Amedisys' results also were well above those from the second quarter of 2013 of $1.8 million, or 6 cents per share, and expectations of Wall Street analysts.

The Advocate reports (http://bit.ly/1rL8Spp ) stock analysts surveyed by Zacks Investment Research forecast second-quarter earnings of 17 cents per share.

Amedisys made the improvements in profitability despite a dip in revenue from $315.7 million to $305 million. However, the company chopped $19.3 million from its operating expenses.

Interim Chief Executive Officer Ronald A. LaBorde said much work remains, but Amedisys has re-established "a solid foundation" that will allow the company to focus on improving its core business.

___

Information from: The Advocate, http://theadvocate.com

View article comments Leave a comment

More from washingtonexaminer.com