U.S. Physical Therapy: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — U.S. Physical Therapy Inc. (USPH) on Wednesday reported third-quarter net income of $11 million.

The Houston-based company said it had net loss of $1.04 per share. Earnings, adjusted for non-recurring costs, came to 80 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The physician staffing services company posted revenue of $222.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $214.9 million.

_____

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