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LHC Group's quarterly earnings dip to $5 million

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LAFAYETTE, La. (AP) — Lafayette home health provider LHC Group reported fourth-quarter earnings dropped to $5 million, or 29 cents per share, compared with $7.4 million, or 43 cents per share, a year earlier.

The Advocate reports (http://bit.ly/1hOOgcM ) LHC's fourth-quarter revenue grew 2.1 percent to $165.3 million.

For the year, LHC reported earnings of $22.3 million, or $1.30 per share, compared with $27.4 million, or $1.53 per share, in 2012.

The company's 2013 revenue rose to $653.8 million from $637.6 million a year earlier.

LHC Chairman and Chief Executive Officer Keith G. Myers said the company was pleased with its results and performance.

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

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