AmSurg Q4 Profit Rises; Issues FY14 Outlook - Quick Facts

(RTTNews) - AmSurg Corp. (AMSG) Tuesday reported fourth-quarter net income attributable to company shareholders of $19.6 million or $0.61 per share, compared to $16.8 million or $0.53 per share in the same period last year.

Net earnings from continuing operations attributable to AmSurg common shareholders increased 24% to $19.3 million for the fourth quarter of 2013 from $15.6 million for the fourth quarter of 2012 and increased 22% per share to $0.60 from $0.49 per share during the same periods. On average, ten analysts polled by Thomson Reuters expected the company to earn $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 17 percent to $284.57 million from $242.76 million last year. Analysts expected revenues of $283.54 million.

Looking ahead to the first quarter, the company has forecast earnings from continuing operations in a range of $0.53 to $0.57 per share. Analysts currently expect first-quarter earnings of $0.60 per share.

For the fiscal 2014, the company expects earnings to be in the range of $2.45 to $2.49 per share and revenues in a range of $1.12 billion to $1.15 billion. Analysts currently expect the company to report full-year earnings of $2.50 per share on revenues of $1.20 billion.