Chemed Earnings: Here’s Why Investors are Happy Now
Chemed Corp. (NYSE:CHE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.
Chemed Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.29% to $1.44 in the quarter versus EPS of $1.26 in the year-earlier quarter.
Revenue: Rose 0.86% to $357.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chemed Corp. reported adjusted EPS income of $1.44 per share. By that measure, the company beat the mean analyst estimate of $1.33. It missed the average revenue estimate of $368.06 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…