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Article: Psychiatric Solutions Reports Fourth Quarter Earnings Per Diluted Share of $0.19; Revenues Increase 181% for the Quarter.
- Article from:
- PR Newswire
- Article date:
- March 10, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Psychiatric Solutions, Inc. ("PSI") today announced financial results for the fourth quarter and year ended December 31, 2003. Revenue for the fourth quarter grew 181% to $100,653,000 from $35,838,000 for the fourth quarter of 2002. Net income available to common stockholders for the fourth quarter was $2,284,000 compared with $2,466,000 for the fourth quarter of 2002, while earnings per diluted share were $0.19 for the latest quarter compared with $0.30 for the fourth quarter of 2002. PSI's income tax rate was 38% for the fourth quarter of 2003, in contrast to the $1,028,000 tax benefit the Company received for the fourth quarter of 2002. There was a 63% increase ...