BrightSpring Health Services (NASDAQ:BTSG) shares are up on Friday as the company reported strong first-quarter results and increased its full-year revenue and adjusted EBITDA guidance.
• BrightSpring Health Services stock is approaching key resistance levels. Why is BTSG stock breaking out?
BrightSpring (BTSG) Q1 Results and Higher Full-Year Guidance
The home health care service provider reported a first-quarter adjusted earnings of 39 cents per share, beating the analysts’ estimate of 31 cents. The company reported net income of $74 million compared to $9 million a year ago.
Sales jumped 35.6% to $3.61 billion, surpassing the consensus of $3.39 billion. Adjusted EBITDA of $190 million rose 44.8% compared to $131 million a year ago.
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