By Sarina Isaacs
Shares of Aveanna Healthcare soared after the home-care platform operator swung to a fourth-quarter profit and topped analyst earnings targets.
The stock was up 36% to $5.09 around midday, and has now about doubled over the past year.
The Atlanta-based company on Thursday said it earned $29.2 million, or 14 cents a share in the fourth quarter, compared with a loss of $25.7 million, or 13 cents a share, a year earlier.
Adjusted earnings came in at 5 cents a share, compared with analyst expectations for a breakeven result, according to FactSet.
Revenue rose 8.6% to $519.9 million, surpassing analyst estimates of $499.6 million.
For full year 2025, Aveanna said it expects revenue to range between $2.1 billion and $2.12 billion. Wall Street is expecting $2.11 billion.
The company also sees 2025 adjusted earnings before interest, taxes, depreciation and amortization at $190 million to $194 million, better than the average analyst estimate of $181.9 million.
Write to Sarina Isaacs at sarina.isaacs@wsj.com
(END) Dow Jones Newswires
March 13, 2025 12:05 ET (16:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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