(RTTNews) -  Tuesday, RehabCare Group Inc. (RHB: News ) said its third quarter profit increased from the year ago quarter, as revenues grew over 14%.

RehabCare posted third-quarter net income attributable to the company of $6.757 million or $0.37 per share compared to $3.998 million or $0.22 per share last year.

Operating earnings increased to $10.480 million from $7.080 million last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased 14.7% to $208.040 million from $181.350 million a year ago. Analysts expected revenue of $204.34 million for the quarter.
Net earnings for the nine months attributable to RehabCare was $22.30 million or $1.24 per share, compared to $13.0 million or $0.73 per share.

Operating revenue for the nine months surged to $614.74 million from $543.35 million last year.

The company anticipates strong consolidated revenue and net earnings growth for the full year 2009 and 2010.

RHB closed Tuesday's regular trading at $18.98 up $0.16 or 0.85% on a volume of 0.114 million shares on the NYSE.

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by RTT Staff Writer

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