Kindred Healthcare stock surges on better-than-expected earnings

Kindred Healthcare Inc. shares rose 40 percent Tuesday after the company's third-quarter earnings report beat analysts' projections. The Louisville-based post-acute and long-term-care provider posted a net loss for the quarter of $95.8 million, or $1.09 per share. Adjusted for continuing core operations, losses totaled 11 cents per share. This beat analysts' projections of a 19 cent per share loss on an adjusted basis, accord ing to Yahoo Finance. For the third quarter of 2016, the company posted…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news