HealthSouth Corp. (HLS) reported third-quarter net earnings of
$10.3 million or $0.12 per share, compared with $0.1 million or $0.00 per share in the year-ago period.
On an adjusted basis, income from continuing operations was $0.38 per diluted share for the third quarter of 2009, which represents a 153.3%, or $0.23 per share, improvement over the $0.15 per diluted share for the third quarter of 2008.
Nine analysts polled by Thomson Reuters estimated earnings of $0.24 per share. Analysts' estimates typically exclude one time items.
Net operating revenues for the third quarter increased to $472.7 million from $455.5 million last year. Analysts expected revenues of $474.04 million.
For 2009, the company raised its EBITDA guidance to a range between $375 million to $380 million from a prior outlook of
$354 million to $362 million. Adjusted diluted earnings per share have been increased to a range of $1.45 to $1.50 per share from a prior range of $1.15 to $1.25 per share. Analysts now estimate earnings of $1.32 per share.
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