LHC Announces Strong 3rd Quarter Results

LHC Group, Inc. (NASDAQ: LHCG), one of the largest providers of home nursing services in the United States, recently announced its financial results for the third quarter and nine months ended September 30, 2008. The company announced that net service revenue for the third quarter of 2008, increased 26.7% to $98.2 million compared with $77.5 million in 2007. The company’s net income for the third quarter of 2008 totaled $8.0 million,
or $0.45 per diluted share, compared with net income of $6.0 million, or $0.34 per diluted share, for the third quarter of 2007. The Company also announced that it is increasing its guidance for full-year 2008 to revenues of $360 million to $380 million (previously $350 million to $370 million) and fully diluted earnings per share of $1.50 to $1.60 (previously $1.35 to $1.45). The guidance does not take into account any future acquisitions or de novo locations. Looks like a strong quarter considering the state of the economy. For more information on the earnings release, click here.