Chemed Profit Falls, Yet Tops Estimate - Quick Facts

(RTTNews) - Chemed Corp. (CHE) Thursday reported second-quarter net income of $14.6 million or $0.77 per share, compared with $21 million or $1.10 per share last year.

Excluding items, adjusted earnings for the quarter were $27 million or $1.44 per share, compared with $24 million or $1.26 per share a year ago.

Revenues for the quarter were $357 million, compared with $354 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.33 per share on revenues of $368.06 million for the quarter. Analysts' estimates typically exclude special items.

For fiscal year 2013, the company continues to expects adjusted earnings of $5.65 to $5.80 per share, while analysts currently estimate $5.66 per share.

Chemed operates VITAS Healthcare Corp., a provider of end-of-life care, and Roto-Rooter, a commercial and residential plumbing and drain cleaning services provider.