Key Details:

  • Select Medical Holdings saw an 8% increase in shares, reaching $27.96 after surpassing analysts' expectations in the fourth quarter.
  • Quarterly earnings rose to $46.3 million, or 36 cents per share, compared to $27.5 million, or 22 cents per share, in the same period last year.
  • Analysts were expecting earnings of $51.2 million, or 35 cents per share, making this a notable achievement for the clinic and hospital company.
  • Revenue for the quarter stood at $1.66 billion, exceeding both last year's $1.58 billion and analysts' projections of $1.64 billion.

Future Outlook:

  • Select Medical is optimistic about the future, aiming for revenue between $6.9 billion to $7.1 billion in 2024, with earnings ranging from $1.88 to $2.18 a share.
  • Analysts predict slightly lower revenue of $6.96 billion and earnings of $2.12 a share for 2024.

In conclusion, Select Medical Holdings has shown impressive growth and profitability, setting a positive trajectory for the company in the upcoming years.

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