Amedisys posted third-quarter net income of $35.9 million, a 53% increase over what it earned last year. The earnings come to $1.31 per basic share, compared with earnings of $23.5 million or 88 cents per basic share in the third quarter of 2008. The Baton Rouge-based home health company had $388 million in service revenue, compared with $321 million in the third quarter of 2008. Analysts on average expected earnings of $1.27 a share, on revenue of $384.4 million, according to Thomson Reuters. For 2009, the company said it continues to expect $4.75 to $4.90 a share, on net service revenue of between $1.48 billion and $1.5 billion.
Amedisys earnings beat forecast
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