LHC: 2Q Earnings Snapshot


LAFAYETTE, La. (AP) _ LHC Group Inc. (LHCG) on Wednesday reported second-quarter profit of $16.8 million.

The Lafayette, Louisiana-based company said it had net income of 55 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 84 cents per share.

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The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $502 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $509.1 million.

LHC expects full-year earnings in the range of $3.45 to $3.55 per share, with revenue in the range of $1.81 billion to $1.86 billion.

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LHC shares have increased 47 percent since the beginning of the year. The stock has risen 55 percent in the last 12 months.

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