ATLANTA (AP) — ATLANTA (AP) — Aveanna Healthcare Holdings Inc. (AVAH) on Thursday reported a loss of $42.8 million in its third quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 22 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The home health care services provider posted revenue of $509 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $495.8 million.
Aveanna expects full-year revenue of $2 billion.
The company’s shares closed at $4.81. A year ago, they were trading at $1.48.
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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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