Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Air Methods Corporation
Air Methods Announces Year 2007 Financial Results and Provides First Quarter 2008 Update
March 28th, 2008
Air Methods Corporation (NASDAQ:AIRM), the largest air medical transportation company in the world, reported revenue and net income for the year and fourth quarter ended December 31, 2007. For the year, revenue increased 24% to $396.3 million compared to $319.5 million in the prior year. Net income was $27.5 million or $2.20 per diluted share compared to $17.2 million or $1.40 per diluted share, a 57% increase. The current year results include a $1.1 million ($0.08 per diluted share) decrease in income tax expense resulting from approved changes in tax depreciation methods applied to prior years. The prior-year results included an increase in income tax expense of $0.5...
Source: Health Business Week (2008-03-28)
|
