Select Medical sees Q3 revenue $1.264B-$1.268B, consensus $1.28B

Select Medical expects its net operating revenue for the third quarter of 2018 to be in the range of $1.264B-$1.268B. Select Medical expects earnings excluding interest, income taxes, depreciation and amortization, stock compensation expense, non-operating gain (loss), and equity in earnings (losses) of unconsolidated subsidiaries, or Adjusted EBITDA for the third quarter of 2018 to be in the range of $150M-$154M. As of September 30, 2018, Select Medical’s revolving loan balance was $65M, compared to $150M as of June 30, 2018.
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