US Physical Therapy, Inc. (USPH) Tops Q1 EPS by 5c

US Physical Therapy, Inc. (NYSE: USPH) reported Q1 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $62.8 million versus the consensus estimate of $67.7 million.

Same store visits increased slightly for de novo and acquired clinics open for one year or more while revenue decreased 1.7% as the average net rate per visit decreased by $1.91. In April, 2013, both the Medicare Multiple Procedure Payment Reduction (“MPPR”) and Sequestration went into effect which reduced the Company’s reimbursement for Medicare patients by approximately 10%.

For earnings history and earnings-related data on US Physical Therapy, Inc. (USPH) click here.

You May Also Be Interested In

• SanDisk stock target lifted by Citi on continued demand strength
• BlackBerry (BB) Tops Q1 EPS by 1c, Offers Guidance
• Susquehanna lifts Micron stock target to $2,000 after record-breaking quarter