DALLAS (AP) — DALLAS (AP) — Enhabit Inc. (EHAB) on Wednesday reported a loss of $110.2 million in its third quarter.
On a per-share basis, the Dallas-based company said it had a loss of $2.20. Earnings, adjusted for asset impairment costs and pretax expenses, were 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The provider of home health and hospice services posted revenue of $253.6 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $261.7 million.
Enhabit expects full-year earnings in the range of 19 cents to 29 cents per share, with revenue in the range of $1.03 billion to $1.05 billion.
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