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IPC The Hospitalist Company, Inc. (NASDAQ:IPCM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.03%.
IPC The Hospitalist Company, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.92% to $0.49 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 16.72% to $137.57 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: IPC The Hospitalist Company, Inc. reported adjusted EPS income of $0.49 per share. By that measure, the company beat the mean analyst estimate of $0.48. It beat the average revenue estimate of $134.5 million.
Quoting Management: Adam D. Singer, M.D., Chief Executive Officer of IPC The Hospitalist Company, stated, “We are pleased to report that we once again reached a new milestone in the fourth quarter, with more than 1.4 million patient encounters generating $137.6 million in net revenue, for a 17% increase in net revenue for the quarter. Growth came from both acquisitions and new hires as we continue to build out our platform to meet the growing demand for our services. As of year-end, we had more than 1,410 providers, an increase of 217 since year-end 2011.”
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