Encompass Health: Q2 Earnings Snapshot

August 1, 2022 GMT

BIRMINGHAM, Ala. (AP) _ Encompass Health Corp. (EHC) on Monday reported second-quarter net income of $48.7 million.

On a per-share basis, the Birmingham, Alabama-based company said it had profit of 49 cents. Earnings, adjusted for non-recurring costs and pretax expenses, came to 89 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The rehabilitation hospital operator posted revenue of $1.33 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $1.35 billion.

Encompass Health expects full-year earnings in the range of $2.77 to $2.91 per share, with revenue in the range of $4.25 billion to $4.3 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EHC at https://www.zacks.com/ap/EHC