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ATLANTA (AP) — ATLANTA (AP) — Aveanna Healthcare Holdings Inc. (AVAH) on Thursday reported first-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had profit of 3 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results exceeded 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 $559.2 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $512.9 million.
Aveanna expects full-year revenue in the range of $2.1 billion to $2.12 billion.
The company's shares closed at $4.82. A year ago, they were trading at $2.36.
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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