AmSurg Q2 Profit Rises; Lifts FY14 Outlook - Quick Facts

By RTT News, 
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(RTTNews.com) - AmSurg Corp. ( AMSG ) Thursday reported second-quarter net income attributable to company shareholders of $18.96 million or $0.59 per share, compared to $18.56 million or $0.58 per share in the same period last year.

Excluding gains, net earnings from continuing operations attributable to AmSurg common shareholders for the latest second quarter were $0.63 per share, compared with $0.58 per share in the comparable quarter last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 5 percent to $281.11 million from $267.10 million last year. Analysts expected revenues of $282.82 million.

Looking ahead to the third quarter, the company has forecast adjusted earnings in a range of $0.63 to $0.65 per share. Analysts currently expect third-quarter earnings of $0.67 per share.

For the fiscal 2014, the company now expects adjusted earnings to be in the range of $2.61 to $2.66 per share and revenues in a range of $1.61 billion to $1.63 billion. Analysts currently expect the company to report full-year earnings of $2.53 per share on revenues of $1.65 billion.

Earlier, the company expected adjusted earnings to be in the range of $2.41 to $2.45 per share and revenues in a range of $1.12 billion to $1.13 billion.

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This article appears in: Earnings

Referenced Stocks: AMSG , TRI

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