ATLANTA (AP) — ATLANTA (AP) — Aveanna Healthcare Holdings Inc. (AVAH) on Thursday reported second-quarter net income of $25.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had profit of 13 cents. Losses, adjusted for non-recurring gains, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The home health care services provider posted revenue of $471.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $453.2 million.
Aveanna expects full-year revenue in the range of $1.85 billion to $1.86 billion.
The company's shares closed at $1.76. A year ago, they were trading at $2.24.
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, source Associated Press News