Acadia Healthcare Q1 Profit Surges; Backs 2014 Outlook - Quick Facts

(RTTNews) - Acadia Healthcare Co., Inc. (ACHC) reported first-quarter net income of $13.06 million or $0.26 per share, higher than $3.74 million, or $0.07 per share in the prior-year quarter. Adjusted income from continuing operations was $14.01 million or $0.28 per share for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew 24.9 percent to $201.42 million from $161.21 million in the same quarter last year. Analysts expected revenue of $194.83 million for the quarter.

Looking ahead to fiscal 2014, Acadia reaffirmed its guidance for adjusted earnings in the range of $1.26 to $1.29 per share. Analysts expect the company to report fiscal 2014 earnings of $1.31 per share.