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News Breaks
June 27, 2014
07:05 EDTAMEDAmedisys sees Q2 adjusted EPS from cont. operations 15c-20c
May not compare to EPS consensus 0c. Sees Q2 revenue $300M-$305M, consensus $296.64M. The company said, "These results are subject to completion of the quarter, as well as the company's quarterly financial and accounting procedures, and the company's actual results could vary from these estimates. The company previously announced plans to close or consolidate care centers and right-size general and administrative expenses. As a result of these initiatives, the company has been able to improve gross margins and reduce direct and general and administrative costs, favorably impacting second quarter results. While these results represent a significant improvement from Q1, we remain cautious on our full-year outlook due to the seasonality of the business and the early-stage nature of some of the performance initiatives undertaken thus far in 2014."
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