Adeptus Health Inc (ADPT) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Adeptus Health Inc (ADPT) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $0.48 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.50. The company posted revenue of $142.38 million in the period, compared to analysts expectations of $121.00 million. The company’s revenue was up 36.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Adeptus Health Inc opened for trading at $52.63 and hit $53.83 on the upside on Wednesday, eventually ending the session at $53.44, with a gain of 1.67% or 0.88 points. The heightened volatility saw the trading volume jump to 4,48,647 shares. Company has a market cap of $1,126 M.

Adeptus Health Inc. is a holding company. The Company owns and operates First Choice Emergency Rooms a network of independent freestanding emergency rooms in the United States. The Company provides emergency care through its freestanding emergency rooms. The Company provides patients with access to Board-certified physicians and emergency trained registered nurses and treatments on?site. The Company’s facilities are equipped with radiology suite including computerized tomography (CT) scanners digital x-ray and ultrasound as well as onsite laboratories. As of December 31 2014 the Company had 55 facilities. The Company’s facilities are located in the Houston Dallas/Fort Worth San Antonio and Austin Texas markets; Colorado Springs and Denver Colorado and Phoenix Arizona.

Adeptus Health Inc

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