Psychiatric Solutions, Inc. (PSYS) posted third quarter income from continuing operations attributable to PSI stockholders of $28.1 million or $0.50 per share, compared to $27.9 million or $0.49 per share in the prior year period. Net income attributable to PSI stockholders was $28.1 million or $0.50 per share, compared to $26.3 million or $0.47 per share in last year quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter was $455.3 million, up from $431.7 million in the prior year quarter. PSI's same-facility revenue increased 4.7% for the third quarter of 2009 compared with the third quarter last year.
Wall Street analysts expected revenues of $462.18 million for the quarter.
The company said the increase in revenue primarily reflected a 3.3% increase in patient days and a 1.6% increase in revenue per patient day.
Looking forward, for the fiscal year 2009, the company said it now expects earnings from continuing operations attributable to PSI stockholders per share in a range of $2.11 to $2.14, compared to its prior guidance in the range of $2.16 to $2.24. Street analysts expect earnings of $2.27 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.