HOUSTON (AP) _ U.S. Physical Therapy Inc. (USPH) on Thursday reported third-quarter earnings of $10.9 million.
The Houston-based company said it had profit of 61 cents per share. Earnings, adjusted for non-recurring costs, were 86 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The physician staffing services company posted revenue of $108.9 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $103.8 million.
U.S. Physical Therapy shares have fallen 26% since the beginning of the year. The stock has dropped 43% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USPH at https://www.zacks.com/ap/USPH
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