U.S. Physical Therapy Reports First Quarter Earnings for 2020
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US Physical Therapy (USPH) Misses Q1 EPS by 10c, Revenues Beat
May 21, 2020 8:33 AM EDTUS Physical Therapy (NYSE: USPH) reported Q1 EPS of $0.30, $0.10 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $112.72 million versus the consensus estimate of $106.59 million.
First Quarter 2020 Compared to First Quarter 2019
Excluding the loss of revenues from the clinics within the partnership sold in June of 2019 (sold clinics) of $5.7 million for the 2019 First Quarter, net revenues for the 2020 First Quarter of $112.7 million increased 2.0% from adjusted revenue of $110.5 million ($116.2 million reported less the $5.7 million) for the 2019 First Quarter despite the adverse effects, beginning in mid-March, of the COVID-19... More