Chemed posts 4Q profit

Chemed posts fourth-quarter profit of $32.2 million

CINCINNATI (AP) _ Chemed Corp. (CHE) on Wednesday reported fourth-quarter net income of $32.2 million.

On a per-share basis, the Cincinnati-based company said it had profit of $1.94. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.10 per share.

The operator of the Roto-Rooter plumbing service and Vitas Healthcare hospices posted revenue of $403.5 million in the period.

For the year, the company reported profit of $108.7 million, or $6.48 per share. Revenue was reported as $1.58 billion.

Chemed expects full-year earnings in the range of $7.80 to $8 per share.

Chemed shares have increased 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $171.90, a climb of 28 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHE at https://www.zacks.com/ap/CHE

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Keywords: Chemed, Earnings Report

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