U.S. Physical Therapy Reports Significant First Quarter Earnings Growth
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US Physical Therapy (USPH) Tops Q1 EPS by 6c, Slight Beat on Revenues
May 2, 2019 8:16 AM EDTUS Physical Therapy (NYSE: USPH) reported Q1 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $116.23 million versus the consensus estimate of $116.05 million.
First Quarter 2019 Compared to First Quarter 2018
Net revenues increased $7.9 million, or 7.3%, from $108.3 million in the first quarter of 2018, to $116.2 million in the first quarter of 2019, due to an increase in net patient revenues from physical therapy operations and an increase in the revenue from the industrial injury prevention business. Both increases are due to internal growth and acquisitions. The first quarter of 2019... More