Select Medical Holdings Gives Q4 Prelim. Profit Figures That Beat Estimates

Select Medical Holdings shares are lower even as it gave preliminary Q4 and full-year profit estimates that topped forecasts, with revenue in line.

The company expects Q4 net income in a range of $17 million to $25 million, above estimates for $13.8 million with full-year income seen from $122 million to $130 million above estimates for $108.4 million.

Full year revenue of about $4.29 billion, with Q4 revenue seen at about $1.05 billion in line with estimates. The company gave preliminary figures after meeting with lenders regarding its senior secured credit facility.

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