Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Select Medical Holdings Q1 Profit Rises; Backs FY12 Outlook - Quick Facts

RELATED NEWS
Trade SEM now with 

Select Medical Holdings Corp. (SEM: Quote) reported first-quarter net income attributable to the company of $41.5 million or $0.29 per share, compared to $33.7 million or $0.22 per share last year.

On average, eight analysts polled by Thomson Reuters expected earnings of $0.25 per share for the quarter. Analysts' estimate typically excludes one-time items.

Net operating revenues for the quarter increased 7.3 percent to $744.02 million from $693.19 million in the same quarter last year, while seven analysts estimated revenues of $720.43 million for the quarter.

Looking forward, the company expects income per share for full year 2012 to be in the range of $0.86 to $0.94 and consolidated revenue in the range of $2.85 billion to $2.95 billion. Analysts currently expect earnings of $0.90 per share and revenue of $2.91 billion for the full year.

Further, the board of directors of Select Medical authorized an increase of $100.0 million in the capacity of its common stock repurchase program from $150.0 million to $250.0 million. The program will remain in effect until March 31, 2013, unless extended by the board of directors.

Click here to receive FREE breaking news email alerts for Select Medical Holdings Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.