IPC The Hospitalist Lowers FY11 Outlook; Shares Tumble In Pre-Market

Shares of IPC The Hospitalist Co Inc

dipped about 23.5% in pre-market trading after the company lowered its full-year view. IPC The Hospitalist now projects 2011 earnings of $1.70 to $1.74 per share, on revenue of $455 million to $458 million. The company had earlier expected earnings of $1.78 to $ 1.86 per share, on revenue of $463 million to $465 million. However, analysts were projecting earnings of $1.77 per share on revenue of $464.1 million. IPCM shares fell 23.55% to $34.90 in pre-market trading.