India, Feb. 25 -- AdaptHealth Corp. (AHCO), a medical devices company, Tuesday reported a profit for the fourth quarter, compared with a loss in the previous-year quarter. Following the news, the company's shares were more than 17 percent up in pre-market.
AdaptHealth posted net income of $50.26 million or $0.34 per share for the fourth quarter compared with net loss of $254.5 million or $1.91 per share in the same quarter a year ago, primarily impacted by goodwill impairment charges of $318.92 million in the prior year.
Operating income was $97.67 million compared with operating loss of $217.8 million last year.
Revenue for the quarter, however, slightly declined to $856.65 million from $858.23 million in the previous year.
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