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What: Shares of IPC The Hospitalist Company
So what: Today's jump for IPC's stock is nice and simple -- the company reported its first-quarter numbers and investors liked what they saw. Revenue for the quarter clocked in at $130 million, a 14.5% increase from last year. The growth was driven by a 14.2% increase in patient encounters, for a total of 1.36 million during the three-month period. Costs rose as the company added hospitalists, and so profit didn't grow nearly as quickly as revenue, but the $0.50 in earnings per share was up from $0.46 in 2011 and was ahead of the $0.49 that analysts were expecting.
Now what: As much as investors like to see current-period results that top expectations, they tend to like it even more when a company's outlook is sunny. IPC's management just reaffirmed its full-year guidance in its earnings report, but the guidance range -- revenue of $520 million-$530 million and EPS of $1.96-$2.06 -- puts the company's estimates slightly ahead of what Wall Street was anticipating.
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Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.