AAC Holdings, Inc. Reports Second Quarter 2019 Results

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Go back to AAC Holdings, Inc. Reports Second Quarter 2019 Results

AAC Holdings (AAC) Misses Q2 EPS by 40c, Revenues Miss; Offers FY19 EPS/Revenue Guidance Below Consensus

August 30, 2019 6:08 AM EDT

AAC Holdings (NYSE: AAC) reported Q2 EPS of ($0.50), $0.40 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $62.7 million versus the consensus estimate of $69.87 million.

Total revenues improved by 13% to $62.7 millionTotal inpatient census improved by 8% to 802 from 740New admissions improved 4% to 4,830 from 4,641Average daily inpatient revenue improved 17% to $790 from $674Net loss attributable to AAC Holdings, Inc. common stockholders decreased 25% to $16.4... More