LHC reports lower quarterly earnings


LAFAYETTE, La. (AP) — Lafayette-based home nursing company LHC Group Inc. reported first-quarter earnings of $4.1 million, or 24 cents per share, compared to $6.3 million, or 37 cents per share, a year ago.

The company generated $163.7 million for the quarter, compared to $162 million a year earlier.

The Advocate reports ( LHC Group's results fell short of Wall Street's expectations.

However, LHC said weather-related closures trimmed 5 cents per share from its results. Without that charge, the company would have easily exceeded stock analysts' forecasts.

The company also reaffirmed the 2014 earnings guidance the company issued in March. The company expects revenue in the range of $700 million to $720 million and per-share earnings of $1.15 to $1.35.


Information from: The Advocate,

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