CINCINNATI (AP) — CINCINNATI (AP) — Chemed Corp. (CHE) on Wednesday reported first-quarter net income of $54.1 million.
The Cincinnati-based company said it had profit of $3.58 per share. Earnings, adjusted for one-time gains and costs, came to $4.82 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.92 per share.
The operator of the Roto-Rooter plumbing service and Vitas Healthcare hospices posted revenue of $560.2 million in the period.
Chemed shares have risen roughly 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $560.69, an increase of 17% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHE at https://www.zacks.com/ap/CHE
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
