Gentiva Remains ‘Underperform’
We reiterated our Underperform rating on Gentiva Health Services Inc. (NASDAQ:GTIV) on the back of high interest payments as well as increasing operating expenses, which led to a net loss and negative operating cash flow in the third quarter of 2011. Gentiva reported third-quarter operating earnings per share of 27 cents, lagging the Zacks Consensus [...]
We reiterated our Underperform rating on Gentiva Health Services Inc. (NASDAQ:GTIV) on the back of high interest payments as well as increasing operating expenses, which led to a net loss and negative operating cash flow in the third quarter of 2011.
Gentiva reported third-quarter operating earnings per share of 27 cents, lagging the Zacks Consensus Estimate of 48 cents as well as 71 cents earned in the year-ago quarter. The operating income of $8.3 million also compares negatively with $21.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards