Thursday, February 27, 2020 8:44 AM EST
By The Associated Press
HOUSTON (AP) _ U.S. Physical Therapy Inc. (USPH) on Thursday reported fourth-quarter earnings of $7.1 million.
On a per-share basis, the Houston-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs, came to 64 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The physician staffing services company posted revenue of $122.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $121.2 million.
For the year, the company reported profit of $31.3 million, or $2.45 per share. Revenue was reported as $482 million.
U.S. Physical Therapy expects full-year earnings in the range of $2.98 to $3.10 per share.
U.S. Physical Therapy shares have increased 11% since the beginning of the year. The stock has increased 16% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USPH at https://www.zacks.com/ap/USPH