Gentiva Health beats Q2 estimates, shares gain 13%

Shares of Gentiva Health Services Inc. (Nasdaq:GTIV) are up 13% today after the company’s second-quarter profits beat Wall Street expectations. Net income for the second quarter was $12 million, or $0.41 per share, compared to $9 million, or $0.31 a share, for the same period a year earlier. Revenue grew to $346.2 million, up 13% from a year ago. Wall Street was expecting earnings per share of $0.32 on revenues of $329.1 million. The home health services company said its earnings were helped by higher admissions in its home-health sector.

Shares of the Melville, N.Y.-based company are at $25.39 at 10:00 a.m. ET, up $2.98 from Wednesday’s close. Trading volume is well below average. Shares have ranged from $17.03 to $26.41 during the past year.

For detailed price information and recent news stories about Gentiva Health Services Inc., click GTIV.

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