U.S. Physical Therapy Reports Second Quarter and Six Months Earnings for 2020
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US Physical Therapy (USPH) Tops Q2 EPS by $1.03, Revenues Miss
August 6, 2020 8:03 AM EDTUS Physical Therapy (NYSE: USPH) reported Q2 EPS of $0.85, $1.03 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $83.9 million versus the consensus estimate of $87.67 million.
Second Quarter 2020 Compared to Second Quarter 2019
Reported net revenues in the second quarter of 2020 was $83.9 million as compared to $126.4 million in the 2019 Second Quarter. Adjusted for the clinics sold in 2019 and 2020, net patient revenues were $83.7 million in the 2020 Second Quarter compared to $118.8 million in the 2019 Second Quarter. The remaining reduction in revenue of $35.1 million is due to the adverse effects of the COVID-19... More