US Physical Therapy (USPH) Misses Q1 EPS by 10c, Revenues Beat
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U.S. Physical Therapy Reports First Quarter Earnings for 2020
May 21, 2020 8:30 AM EDTHOUSTON--(BUSINESS WIRE)-- U.S. Physical Therapy, Inc. ("USPH" or the Company) (NYSE: USPH), a national operator of outpatient physical therapy clinics, today reported results for the first quarter ended March 31, 2020.
USPHs results for the first quarter of 2020 were negatively impacted by the effects of the COVID-19 pandemic. Management estimates that the Company suffered more than $8 million in lost revenue and related contribution margin because of the pandemic. The Company continues to experience significantly lower physical therapy revenue than normal and in the near term expects to incur losses. The Companys... More
