Chemed Q1 Profit Rises

(RTTNews) - Chemed Corp. (CHE) reported that its first-quarter net income rose to $55.89 million from $44.67 million in the prior year. GAAP Earnings-per-Share of $3.38, an increase of 25.2% from the previous year.

Adjusted earnings per share were $3.68, an increase of 26.0% from the prior year.

Service revenues and sales grew to $515.80 million from $462.03 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $3.65 per share and revenues of $520.18 million. Analysts' estimates typically exclude special items.

Management anticipates providing updated 2020 earnings guidance in July 2020.