Amedisys: Q1 Earnings Snapshot

BATON ROUGE, La. (AP) _ Amedisys Inc. (AMED) on Wednesday reported first-quarter earnings of $49.9 million.

The Baton Rouge, Louisiana-based company said it had profit of $1.50 per share. Earnings, adjusted for non-recurring costs, came to $1.54 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The home health care and hospice services provider posted revenue of $537.1 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $546.7 million.

Amedisys expects full-year earnings in the range of $6.85 to $7.07 per share, with revenue in the range of $2.3 billion to $2.34 billion.

Amedisys shares have declined roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $284.98, an increase of 51% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMED at https://www.zacks.com/ap/AMED