Gentiva Health Services Inc. (NASDAQ:GTIV) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Gentiva Health Services Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.81% to $0.23 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Decreased 4.6% to $415.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gentiva Health Services Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.3. It missed the average revenue estimate of $427.95 million.
Quoting Management: “I am pleased with our overall results this quarter, which met our expectations despite a continued challenging reimbursement and regulatory environment,” said Gentiva CEO Tony Strange.
Key Stats (on next page)…