ATLANTA (AP) — ATLANTA (AP) — Aveanna Healthcare Holdings Inc. (AVAH) on Thursday reported a loss of $11.2 million in its first quarter.
The Atlanta-based company said it had a loss of 6 cents per share. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The home health care services provider posted revenue of $490.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $485.1 million.
The company’s shares closed at $2.42. A year ago, they were trading at $1.02.
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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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