LAFAYETTE, LA (AP) — LHC Group Inc., a Lafayette-based home nursing firm, reports its second-quarter profit jumped nearly 50 percent to $9 million, or 51 cents per share.
Net service revenue rose 6 percent to $200.2 million, thanks to increased admissions in both the home health and hospice segments.
The Advocate reports LHC easily outstripped Wall Street's expectations. Analysts surveyed by Zacks Investment Service had forecast earnings of 41 cents.
LHC also raised its full-year earnings guidance to a range of $1.70 to $1.80 per share. Earlier, LHC said it expected a per-share profit of $1.55 to $1.70. The company said it expects 2015 revenue in the range of $780 million to $795 million, up from the previous level of $765 million to $780 million.
