LAFAYETTE — Lafayette-based home health company LHC Group reported third-quarter earnings of $6.3 million, or 36 cents per share, compared to a loss of $38.0 million, or $2.08 per share.
The 2011 results included a $45 million after-tax charge related to the company’s settlement of a whistleblower lawsuit with the U.S. Department of Justice. LHC had $158.9 million in revenue, although Hurricane Isaac lowered that amount of revenue by around $571,000.
In a news release, Chairman and Chief Executive Officer Keith G. Myers said the company posted solid operating results despite the significant impact of Hurricane Isaac and ongoing uncertainties in the regulatory environment.
Stock analysts surveyed by Thomson Reuters expected earnings of 37 cents per share on revenue of $159.9 million.
The company lowered its 2012 guidance to per-share earnings of $1.45 to $1.55 on revenue of $635 million to $645 million. The company had originally projected earnings of $1.45 to $1.65 per share on revenue of $640 million to $660 million.
Copyright © 2014, Capital City Press LLC • 7290 Bluebonnet Blvd., Baton Rouge, LA 70810 • All Rights Reserved