Lafayette-based home nursing and hospice company LHC Group reported its third-quarter profit climbed to $10.9 million, or 61 cents per share, compared to $9.6 million, or 54 cents per share, a year ago.

Stock analysts surveyed by Zacks Investment Research had forecast earnings of 60 cents per share.

However, the 2017 results included $129,000 in costs associated with closing one location for poor performance and $483,000 for a joint venture with Christus Health. Without those expenses, LHC would have earned $11.5 million, or 64 cents per share.

LHC acquired 21 Christus locations in Louisiana, Texas, Arkansas and Georgia under the agreement. The joint venture is expected to generate $80 million in annual revenue and contribute to earnings in 2018.

Lafayette's LHC Group forms joint venture offering services at Christus facilities across four states

LHC raised its 2017 guidance for both revenue and earnings. The company expects net service revenue in the range of $1.05 billion to $1.06 billion, up from the previous range of $1.03 billion to $1.045 billion. The company expects earnings of $2.35 to $2.40, up from the previous range of $2.30 to $2.40.

Keith G. Myers, LHC chairman and chief executive officer, said the company has work ahead to deliver the expected performance from its hospice business and to execute on a pipeline of new locations and acquisition and joint venture opportunities. But he is confident in the 2017 growth expectations and expects strong growth in 2018.