Amedisys Projects Q2 Adj. EPS From Cont. Ops. Of $0.15 To $0.20 - Quick Facts

(RTTNews) - Amedisys, Inc. (AMED), a home health and hospice company, Friday said for the second quarter, it expects adjusted earnings per share from continuing operations between $0.15 and $0.20 on revenues of $300 million -$305 million. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings per share of $0.04 for the quarter, on revenues of $292.60 million. Analysts' estimates typically exclude special items. Earlier, the firm had plans to consolidate care centers and right-size general and administrative expenses. As a result of these initiatives, the company has been able to improve gross margins and reduce direct and general and administrative costs, favorably impacting second quarter results. Further, the company said, despite the results show a significant improvement from the first quarter, it will remain cautious on full-year outlook due to the seasonality of the business and the early-stage nature of some of the performance initiatives undertaken thus far in 2014.