Apria Healthcare profit jumps 8.2%
- Share via
Apria Healthcare Group Inc., the biggest U.S. provider of home health services, said profit rose 8.2%, partly because of tax benefits and recovery of money lost in Hurricane Katrina.
Fourth-quarter net income rose to $21 million, or 49 cents a share, from $19.5 million, or 43 cents, a year earlier, the Lake Forest-based company said. The company said revenue increased 8.7% to $391 million.
Analysts had expected Apria to post profit of 45 cents a share.
Apria estimated that revenue would grow this year by 4% to 5%, from $1.52 billion in 2006. The company said earnings in 2007 would be $1.78 to $1.82 a share, up from the $1.75 that it reported for last year.
Shares of Apria rose $2.18, or 7.9%, to $29.83.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
