Oppenheimer Reiterates Outperform on Addus HomeCare (ADUS) Following Solid 3Q

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Go back to Oppenheimer Reiterates Outperform on Addus HomeCare (ADUS) Following Solid 3Q

Addus HomeCare Announces Third-Quarter 2016 Results

November 7, 2016 4:05 PM EST

DOWNERS GROVE, Ill., Nov. 7, 2016 /PRNewswire/ -- Addus HomeCare Corporation (NASDAQ: ADUS), a comprehensive provider of personal care services provided in the home, today announced its financial results for the third quarter and nine months ended September 30, 2016.

Net service revenues grew 22.7% to $103.5 million for the third quarter from $84.3 million for the third quarter of 2015. Net income was $1.7 million for the third quarter of 2016 compared with $2.9 million for the third quarter last year. Net income per diluted share was $0.15 for the third quarter of 2016, down 42.3% from $0.26 for the third quarter of 2015, while adjusted net... More