AAC Holdings, Inc. Reports First Quarter 2019 Results
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AAC Holdings (AAC) Misses Q1 EPS by 77c, Revenues Miss
May 9, 2019 6:10 AM EDTAAC Holdings (NYSE: AAC) reported Q1 EPS of ($0.79), $0.77 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $55.4 million versus the consensus estimate of $75.17 million.
Total inpatient census improved by 26% at March 31, 2019 compared to December 31, 2018New admissions increased 24% to 4,641Outpatient visits increased 31% to 39,717Total revenue was $55.4 millionImplemented over $30 million in expected annualized expense reductions that are benefiting 2019 operating margins, leading to over a 20% sequential decrease in operating costs in... More