AmSurg Profit Rises

(RTTNews) - Ambulatory services provider AmSurg Corp (AMSG) on Wednesday reported fourth-quarter net earnings to equity holders of $25.1 million, up from $19.56 million last year.

On a per share basis, earnings for the quarter were lower at $0.53 compared with $0.61 last year, due to a higher share count.

Excluding amortizatoin costs and other one-time items, adjusted earnings for the quarter were $0.77 per share compared with $0.63 per share a year ago.

Revenues for the quarter were $581.8 million compared with $279 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.73 per share on revenues of $565.3 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, the company expects adjusted earnings of $0.55 to $0.58 per share, while analysts expect $0.75 per share. The company said its guidance includes the higher salary-related expenses in Physician Services segment.

For the full year 2015, AmSurg projects adjusted earnings of $3.24 to $3.32 per share on revenues of $2.44 billion to $2.47 billion. Analysts expect earnings of $3.27 per share on revenues of $2.39 billion.