logo
Share SHARE
FONT-SIZE Plus   Neg

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

Select Medical Holdings Corp. (SEM) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT