Shares rise 8% as company reports strong performance

  • Select Medical shares rise 8% on 4Q EPS beat
  • Quarterly earnings per share of $0.36, beating analysts’ expectations
  • Revenue for the quarter at $1.66 billion, surpassing expectations
  • 2024 revenue projected to be between $6.9 billion and $7.1 billion
  • 2024 earnings expected to be between $1.88 and $2.18 per share

Select Medical Holdings shares surged 8% to $27.96 following the release of their fourth-quarter earnings report. The company reported earnings per share of $0.36, surpassing analysts’ expectations. Revenue for the quarter came in at $1.66 billion, exceeding both last year’s figures and analyst estimates. Looking ahead, Select Medical projects revenue between $6.9 billion and $7.1 billion for 2024, with earnings expected to be between $1.88 and $2.18 per share. Analysts are forecasting slightly higher revenue of $6.96 billion and earnings of $2.12 per share for the same period.

Factuality Level: 9
Factuality Justification: The article provides specific details about Select Medical Holdings’ fourth-quarter earnings, including comparisons with the previous year and analysts’ expectations. The information is clear, concise, and based on factual data without any apparent bias or misleading information.
Noise Level: 3
Noise Justification: The article provides relevant information about Select Medical Holdings’ fourth-quarter earnings report, including details on earnings per share, revenue, and analysts’ expectations. The article stays on topic and supports its claims with data and numbers. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Select Medical Holdings
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Select Medical Holdings, a clinic and hospital company. It provides information about the company’s fourth-quarter earnings per share, which beat analysts’ expectations. There is no mention of an extreme event or its impact.
Public Companies: Select Medical Holdings (Unknown)
Key People:

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