AmSurg Results Top Estimate; Lifts FY Adj. EPS Guidance

(RTTNews) - Ambulatory services company AmSurg Corp (AMSG) Tuesday reported third-quarter net loss to stockholders of $12 million or $0.26 per share compared with a profit of $16.8 million or $0.52 per share last year.

Excluding items, adjusted earnings for the quarter were $0.69 per share compared with $0.56 per share a year ago.

Revenues for the quarter were $556.4 million compared with $263 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.58 per share on revenues of $515 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings of $0.70 to $0.73 per share, while analysts expect $0.69 per share.

For the full year, the company now projects adjusted earnings of $2.66 to $2.71 per share on revenues of $1.6 billion to $1.61 billion. Earlier it estimated earnings of $2.61 to $2.66 per share on revenues of $1.61 billion to $1.63 billion.

Analysts expect earnings of $2.45 per share on revenues of $1.63 billion for the year.