Chemed Corp. (CHE) announced earnings for its second quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $70.9 million, or $4.65 per share. This compares with $53.4 million, or $3.51 per share, in last year's second quarter.
Excluding items, Chemed Corp. reported adjusted earnings of $83.4 million or $5.47 per share for the period.
Analysts on average had expected the company to earn $5.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.6% to $595.9 million from $553.8 million last year.
Chemed Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $70.9 Mln. vs. $53.4 Mln. last year.
-EPS (Q2): $4.65 vs. $3.51 last year.
-Revenue (Q2): $595.9 Mln vs. $553.8 Mln last year.
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