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Tuesday, May 10, 2005

Earnings: Vistacare Inc (VSTA)

Vistacare Inc (VSTA) came with disappointing results. The stock is being traded at $15.64 (-12.3%), but hit $15.40 (-13.7%) a little earlier. Anyway, if the shares should fall lower, I see some technical support at $15.00.

Financial Press Release
VistaCare Reports Improved Fiscal Second Quarter Results

Net patient revenue for the fiscal second quarter of fiscal 2005 was $57.5 million, up seven percent from $53.6 million reported for the quarter ended March 31, 2004. The Company's net income for the quarter was $1.1 million, or $0.07 per diluted share. Net income for the three-month period ended March 31, 2004 was $3.7 million, or $0.22 per diluted share.

For the six month period ended March 31, 2005, net patient revenue was $114.1 million, up six percent from $107.2 million reported for the six-month period ended March 31, 2004. The Company's net income for the six-month period ended March 31, 2005 was $1.8 million, or $0.11 per diluted share, compared with net income for the six-month period ended March 31, 2004 of $8.4 million, or $0.51 per diluted share.

Read further:
VistaCare Reports 2Q 2005 Results

See also:
Earnings: Next market movers (05/09/2005)

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