Acadia Healthcare: 4Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Acadia Healthcare Co. (ACHC) on Thursday reported a loss of $783.7 million in its fourth quarter.
The Franklin, Tennessee-based company said it had a loss of $8.78 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The provider of inpatient behavioral health care services posted revenue of $541.3 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $768.7 million.
For the year, the company reported a loss of $672.1 million, or $7.59 per share, swinging to a loss in the period. Revenue was reported as $2.09 billion.
For the current quarter ending in April, Acadia Healthcare expects its per-share earnings to range from 40 cents to 45 cents.
The company said it expects revenue in the range of $540 million to $550 million for the fiscal first quarter.
Acadia Healthcare expects full-year earnings in the range of $2.20 to $2.45 per share, with revenue ranging from $2.23 billion to $2.28 billion.
Acadia Healthcare shares have risen 2% since the beginning of the year. The stock has climbed 59% 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 ACHC at https://www.zacks.com/ap/ACHC
