Team Health Holdings, Inc. (TMH) Tuesday reported first-quarter profit of $18.2 million or $0.26 per share, up from $14.4 million or $0.21 per share in the same period last year.
Adjusted earnings for quarter was $25.2 million or $0.37 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased 20.3 percent to $575.9 million from $478.7 million last year. Analysts expected revenues of $560.47 million.
Same contract revenues totaled $10.6 million, compared to $457.1 million last year.
Looking ahead, the company projects full-year revenue growth in the order of 13.0 percent to 14.0 percent, over last year.
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