Sun Healthcare Group rises on Q2 profit increase
Shares of Sun Healthcare Group Inc. (Nasdaq: SUNH) are looking vigorous following news after Wednesday’s close that the provider of specialty healthcare services reported a rise in second-quarter profit.
The net income for the three months ended June 30 was $13.0 million, or $0.30 per share, more than double the $0.14-per-share consensus estimate of seven analysts surveyed by Thomson Financial. During the same period of 2006, Sun Healthcare Group booked a profit of $7.3 million, or $0.23 per share.
Total revenues increased a whopping 73% to $446.7 million, from $258.5 million a year earlier.
The net income for the three months ended June 30 was $13.0 million, or $0.30 per share, more than double the $0.14-per-share consensus estimate of seven analysts surveyed by Thomson Financial. During the same period of 2006, Sun Healthcare Group booked a profit of $7.3 million, or $0.23 per share.
Total revenues increased a whopping 73% to $446.7 million, from $258.5 million a year earlier.
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