ATLANTA (AP) — ATLANTA (AP) — Aveanna Healthcare Holdings Inc. (AVAH) on Thursday reported fourth-quarter net income of $29.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had net income of 14 cents. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The home health care services provider posted revenue of $519.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $498.9 million.
For the year, the company reported that its loss narrowed to $10.9 million, or 6 cents per share. Revenue was reported as $2.02 billion.
Aveanna expects full-year revenue in the range of $2.1 billion to $2.12 billion.
The company’s shares closed at $3.75. A year ago, they were trading at $2.51.
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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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