UPDATE: Amedisys Posts Q4 Profit

reported a profit in the fourth quarter on Wednesday. The Baton Rouge, Louisiana-based company reported quarterly net income from continuing operations of $9.1 million, or $0.28 per share, versus net loss from continuing operations of $8.2 million, or $0.26 per share, in the year-ago period. Excluding non-recurring items, the company earned $0.27 per share. Its net service revenue slipped to $300.5 million from $303.5 million. However, analysts were expecting earnings of $0.26 per share on revenue of $301.62 million. Earnings before interest, taxes, depreciation and amortization attributable to continuing operations surged to $22.9 million in the quarter, versus $6.8 million in 2013. Paul B. Kusserow, President and Chief Executive Officer said, "Amedisys made great strides in 2014 resulting in stabilized operations and improved financial performance while remaining focused on providing high-quality patient care." Amedisys shares fell 3.01% to close at $29.96 yesterday.