Envision Healthcare Holdings Turns To Profit In Q1

(RTTNews) - Envision Healthcare Holdings, Inc. (EVHC) reported first-quarter net income attributable to the company of $24.8 million or $0.13 per share, compared to net loss of $3.8 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the latest fourth quarter was $0.20. Analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts, estimates typically exclude special items.

Revenue for the latest first quarter rose 14.2% to $1.01 million from $888.32 million in the comparable quarter last year. Analysts had consensus revenue estimate of $1.02 million.

For fiscal 2014, the company reaffirmed its previously announced 2014 adjusted earnings guidance of $1.10 to $1.15. Analysts now expect fiscal 2014 earnings of $1.11 per share.