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Gentiva reaffirms 2010 outlook, sets 2011 guidance

Thu, 12/16/2010 - 6:45am
The Associated Press

Home health services company Gentiva Health Services Inc. on Thursday reaffirmed its 2010 financial outlook and set guidance for 2011.

The company expects adjusted profit from continuing operations between $2.75 and $2.80 on revenue between $1.42 billion and $1.45 billion in 2010. Analysts polled by Thomson Reuters expect profit of $2.77 per share on $1.45 billion in revenue.

In 2011, the company expects adjusted profit from continuing operations between $2.70 and $2.80 per share on $1.9 billion to $1.95 billion in revenue. Analysts expect profit of $2.68 per share on $1.96 billion in revenue.

Shares of Gentiva rose $1.20, or 5.2 percent, to $24.35 in morning trading. The stock has traded between $18.93 and $30.88 over the last 52 weeks.

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