ATLANTA (AP) — ATLANTA (AP) — Aveanna Healthcare Holdings Inc. (AVAH) on Thursday reported a first-quarter loss of $32 million, after reporting a profit in the same period a year earlier.
The Atlanta-based company said it had a loss of 17 cents per share. Losses, adjusted for non-recurring costs and pretax expenses, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The home health care services provider posted revenue of $466.4 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $450.5 million.
Aveanna expects full-year revenue of $1.84 billion.
The company’s shares closed at $1.05. A year ago, they were trading at $2.76.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVAH at https://www.zacks.com/ap/AVAH
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