Psychiatric Solutions Beats Earnings Estimates (PSYS)
October 19, 2010 4:39 PM
Psychiatric Solutions, Inc. (NASDAQ: PSYS) reports Q3 earnings of $0.94 versus consensus of $0.59. Psychiatric Solutions, Inc. reports revenues of $508.5 million versus consensus of $487.27 million.
Revenues increased 12.2% year over year.
PSI's same-facility revenue for the third quarter of 2010 grew 10.4% from the third quarter of 2009, primarily due to a 4.0% increase in patient days and a 6.1% increase in revenue per patient day.
Net cash from continuing operating activities for the third quarter of 2010 increased 85.5% from the third quarter of 2009 to $68.9 million. Capital expenditures, primarily for maintenance and the addition of beds to facilities, totaled $24.8 million for the quarter.
Shares of PSYS are trading higher on the after-hours by 0.18%
