FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Acadia Healthcare Co. (ACHC) on Monday reported fourth-quarter net income of $61.1 million.
On a per-share basis, the Franklin, Tennessee-based company said it had profit of 67 cents. Earnings, adjusted for non-recurring costs, came to 70 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The provider of inpatient behavioral health care services posted revenue of $675.3 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $659.2 million.
For the year, the company reported profit of $273.1 million, or $2.98 per share. Revenue was reported as $2.61 billion.
For the current quarter ending in March, Acadia Healthcare expects its per-share earnings to range from 70 cents to 74 cents.
The company said it expects revenue in the range of $690 million to $700 million for the fiscal first quarter.
Acadia Healthcare expects full-year revenue in the range of $2.82 billion to $2.88 billion.
Acadia Healthcare shares have dropped 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $80.49, a rise of 41% in the last 12 months.
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