By Sam Boughedda
Investing.com -- Oak Street Health Inc (NYSE:OSH) reported its full-year earnings on Monday, sending its shares up 26.04% despite missing earnings per share estimates.
The care center reported unaudited results for the fourth quarter of 2021. Revenue surpassed expectations, coming in at $394.1 million, above analyst expectations of $386.65 million. On the other hand, the loss per share came in at 62 cents, missing projections for a per-share loss of 55 cents.
The company reported revenue of $1.43 billion for the full year, up 62% year over year.
"We reported a strong quarter with results favorable to the high end of guidance across metrics," said Mike Pykosz, Chief Executive Officer of Oak Street Health.
He added: "The quarter caps a year in which we advanced significantly on our journey to transform healthcare for older adults."
The company stated it was enthusiastic about its growth prospects. First-quarter revenue is predicted to be between $505 and $510 million, with full-year revenue forecast between $2.1 and $2.135 billion.