Envision Healthcare’s Q1 Tops Expectations

Envision Healthcare Holdings (EVHC) rose 3% in Monday’s late session after the company reported financial results for Q1, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2018 and Q2.

The healthcare services provider posted adjusted earnings of $0.71 per share, compared with the prior-year period’s $0.66 per share. Analysts polled by Capital IQ were expecting EPS of $0.64.

Revenue was $2.08 billion, up from $1.88 billion in the same quarter last year. The Street view was for revenue of $2.02 billion.

The company now expects fiscal 2018 EPS of $3.49 – $3.70 on revenue of $8.35 billion – $8.53 billion. The Street view is for EPS of $3.59 on revenue of $8.41 billion. The prior earnings guidance range was for $3.46 – $3.70 EPS.

For Q2, it sees EPS of $0.83 – $0.90; analysts are looking for EPS of $0.91.

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