LHC Group Inc., a Lafayette-based home nursing company, reported its third-quarter profit grew to $6.2 million, or 36 cents per share, compared to $5.3 million, or 31 cents per share, a year ago.
LHC said its revenue jumped to $187.7 million, compared to $164.7 million for the same period a year ago.
The company’s results beat Wall Street’s expectations. Stock analysts surveyed by Thomson Reuters had forecast a profit of 34 cents per share on revenue of $185 million.
LHC reaffirmed its earlier earnings projections for 2014 at $1.25 to $1.35 per share. The company raised its revenue forecast by $5 million to a range of $725 million to $735 million because of its Life Care Home Health acquisition completed Sept. 1.
So far this year, LHC has acquired 57 locations in 15 states.
Chairman and Chief Executive Officer Keith G. Myers described the company’s third-quarter results as “strong and well-balanced.”
In addition to home nursing services, LHC provides hospice care and care at long-term acute-care hospitals.