Stock News Buzz: Addus HomeCare Corporation (NASDAQ:ADUS)

On Monday Addus HomeCare Corporation (NASDAQ:ADUS) stock traded volume of 181732 shares during its last trading session as compared to its average volume of 150299 shares over the recent month. ADUS ended its day with the down stream along the move of -2.04% and closed at the price of $84.91 before opening at $86.69. It has total market capitalization is $1308304374. 52 week range of the stock remained $ 57.94 – 92.91 while its day lowest price was $83.54 and its hit its day highest price at $86.69

On Nov. 4, 2019, Addus HomeCare Corporation (NASDAQ:ADUS) a provider of home care services, revealed its financial results for the third quarter and nine months ended September 30, 2019.

Net service revenues increased 23.3% for the third quarter to $169.8 million from $137.7 million for the third quarter of 2018. Net income increased 34.0% to $4.9 million for the third quarter of 2019 from $3.6 million for the third quarter last year, while net income per diluted share was $0.34 compared with $0.28 for the same period a year ago. Adjusted net income per diluted share grew 29.2% to $0.62 for the third quarter of 2019 from $0.48 for the third quarter of 2018. Adjusted net income per diluted share for the third quarter of 2019 excludes interest income from the State of Illinois of $0.02, M&A expenses of $0.10, severance and other non-recurring charges of $0.08, and stock-based compensation expense of $0.08. For the third quarter of 2018, adjusted net income per diluted share excludes M&A expenses of $0.11, other non-recurring charges of $0.02, and stock-based compensation expense of $0.07. Adjusted EBITDA increased 27.8% to $14.9 million for the third quarter of 2019 from $11.6 million for the third quarter of 2018.

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