Select Medical Holdings Q3 Profit Declines; Backs FY13 Outlook - Quick Facts

(RTTNews) - Select Medical Holdings Corp. (SEM) reported that its third-quarter net income attributable to company decreased to $23.3 million from $24.1 million in the comparable quarter last year. Earnings per share for the latest third quarter was $0.17, same as last year.

Adjusted earnings declined to $0.17 per share, from $0.20 per share in the prior year quarter. On average, seven analysts polled by Thomson Reuters expected the company to report profit of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net operating revenues increased 1.3% to $722.85 billion from $713.67 billion, prior year, while seven analysts expected revenue of $723.1 million for the quarter.

Select Medical continues to expect consolidated net operating revenues for the full year 2013 to be in the range of $2.925 billion to $3.025 billion, adjusted income per share, to be in the range of $0.87 to $0.94 and income per share to be in the range of $0.78 to $0.85. Analysts expect the company to report full year profit per share of $0.93 on revenue of $2.97 billion.

On October 30, 2013, Select Medical's board of directors declared a quarterly dividend of $0.10 per share, payable on or about November 22, 2013 to stockholders of record as of the close of business on November 12, 2013.