Housecall shares sink after profit warning .  NEW YORK 1996-08-29  Shares in home healthcare services company Housecall Medical Resources Inc fell more than 50 percent on Thursday after the company said it expected a net loss for the fiscal fourth quarter .  Morgan Stanley said it downgraded the stock to underperform from outperform .  Housecall was off 7-3/8 to 7-1/8 in morning trading .  The Atlanta-based company went public in April at $ 16 a share .  Wall Street had expected the company to earn $ 0.17 a share in its fourth quarter , ended June 30 , according to First Call .  Housecall said fourth quarter earnings and revenues were expected to fall short of expectations .  It said its non-Medicare infusion therapy , hospice and nursing services businesses failed to meet budgeted revenues .  It also cited a limitation on [START_ENT] Medicare [END_ENT] reimbursement for some services provided during the quarter .
Housecall shares sink after profit warning .  NEW YORK 1996-08-29  Shares in home healthcare services company Housecall Medical Resources Inc fell more than 50 percent on Thursday after the company said it expected a net loss for the fiscal fourth quarter .  Morgan Stanley said it downgraded the stock to underperform from outperform .  Housecall was off 7-3/8 to 7-1/8 in morning trading .  The Atlanta-based company went public in April at $ 16 a share .  Wall Street had expected the company to earn $ 0.17 a share in its fourth quarter , ended June 30 , according to First Call .  Housecall said fourth quarter earnings and revenues were expected to fall short of expectations .  It said its non-Medicare infusion therapy , hospice and nursing services businesses failed to meet budgeted revenues .  It also cited a limitation on
Medicare
reimbursement for some services provided during the quarter .
Medicare (United States)
-1
Medicare (United States)
58353