Select Medical Holdings Q1 Adj. Profit Tops View

(RTTNews) - Select Medical Holdings Corporation (SEM) Thursday reported first-quarter net income attributable to the company of $33.0 million or $0.24 per share, down from $34.4 million or $0.24 per share in the same period last year.

Adjusted earnings for the latest first quarter was $0.25 per share, same as last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $762.58 million from $749.96 million last year. Analysts expected revenues of $760.50 million.

For the fiscal year 2014, the company now expects earnings in the range of $0.88 to $0.96 per share, up from its prior range of $0.84 per share to $0.93 per share.

Adjusted earnings is projected in the range of $0.89 per share to $0.97 per share. Analysts currently expect earnings of $0.92 per share.

The company continues to expect revenues in the range of $3.05 billion to $3.15 billion. Analysts now expect full-year revenue of $3.06 billion.

On April 30, 2014, Select Medical's board of directors declared a cash dividend of $0.10 per share, payable on or about May 28, 2014 to stockholders of record as of the close of business on May 16, 2014.