Air Methods Corp (AIRM) Tops Q2 EPS by 7c

Air Methods Corp (NASDAQ: AIRM) reported Q2 EPS of $0.73, $0.07 better than the analyst estimate of $0.66. Revenue for the quarter came in at $258.5 million versus the consensus estimate of $251.9 million.

Aaron Todd, CEO, stated, "During our second quarter, we continued to experience strong growth in both revenue and earnings. Increase in community-based operating locations and average flight volumes, more moderate weather and maintenance expenditures, dividends from safe flight operations, and accretive results from recent diversification into helicopter tourism have all contributed to this success. The 13% growth in July community-based patient flight volumes reflects a strong start to the third quarter as well. We also anticipate continued growth in net revenue per transport based on improving payer mix trends experienced in recent months, compared with earlier winter months. We feel these factors justify our continued optimism for the second half of 2014."

For earnings history and earnings-related data on Air Methods Corp (AIRM) click here.

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