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Chemed (CHE +3.9%) moves higher despite missing estimates on its Q4 report yesterday. Net income...

Chemed (CHE +3.9%) moves higher despite missing estimates on its Q4 report yesterday. Net income rose 14% Y/Y, weathering a drop in operating income from its Vitas hospice unit as its Roto-Rooter plumbing business offset the decline with a 28% jump in profit. The company also raises FY12 guidance, now expecting to earn $5.35 - $5.55 per share, above Street expectations of $5.27.
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Comments (1)
  • Andrew Shapiro
    , contributor
    Comments (1981) | Send Message
     
    guidance increase is almost entirely, if not exclusively, based on share buyback and not increased guidance on operating performance.
    15 Feb 2012, 01:06 PM Reply Like
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