Acadia Healthcare (NASDAQ:ACHC) shares rose in post market trading after it reported first quarter revenue and profit above expectations.
The company posted a first quarter revenue of $770.5M, compared to a consensus of $769.84M. The quarterly adjusted profit of $0.40 per share also beat analysts' estimate of $0.36 per share.
The healthcare facilities provider also saw its same facility revenue rise 2.1% year-over-year.
"This year is setting up to be the largest bed expansion year in Acadia’s history, building upon our record-breaking bed additions in 2024," chief executive officer, Chris Hunter, said in a statement.
The company also affirmed its full year guidance.
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