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Team Health Holdings Q4 sales increase almost 25%

Team Health Holdings has reported that Q4 sales increased 23.9% to $979.6m from the same quarter last year and just topped the CapIQ mean for $978.48m.

 

Adjusted EPS were $0.61, above estimates for $0.59. The company saw 2016 net revenue growth of 31.0% to 33.0%, or between $4.71 billion and $4.78 billion, above forecasts for $4.62297 billion.

 

The stock increased 2.83% or $0.97 during the last trading session, hitting $35.21. About 2.35m shares traded hands or 54.61% up from the average. TeamHealth Holdings Inc has declined 48.40% since 16th July 2015 and is down trending. It has underperformed by 38.67% the S&P500.

 

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