Select Medical Holdings Corp. (SEM) Thursday said its first-quarter net income attributable to the company was $34.4 million or $0.24 per share, compared to $41.5 million or $0.29 per share in the same period last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Net operating revenues were $749.96 million, up 3.2 percent from $744.02 million last year, while seven analysts expected revenues of $760.59 million.
Looking ahead to fiscal year 2013, Select Medical now expects earnings in the range of $0.86 to $0.93 per share, adjusted earnings of $0.87 to $0.94 per share and revenues in the range of $2.93 billion to $3.01 billion. Analysts currently expect the company to report full-year earnings of $1.00 per share on revenues of $3.00 billion.
Earlier, the company expected earnings in the range of $0.98 to $1.04 per share and revenues in the range range of $2.95 billion to $3.05 billion.
Select Medical said that on February 20, 2013, its board of directors authorized an increase of $100.0 million in the capacity of its common stock repurchase program from $250.0 million to $350.0 million and extended the program for an additional year. The program will now remain in effect until March 31, 2014, unless further extended by the board of directors.
On May 1, 2013, Select Medical's board of directors declared a quarterly cash dividend of $0.10 per share, payable on or about May 30, 2013 to stockholders of record as of the close of business on May 20, 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.