Chindex International Up 4% On Earnings Beat (CHDX)

Shares of Chindex International, Inc. CHDXare currently up 4.2% at $15.15 per share during Monday afternoon trading. Today's trading range for shares of Chindex International, Inc has been between $15.02 and $15.70 per share. The consensus price target of analysts covering the company's stock is $15.50 per share. Volume of 83,000 shares is already above the daily average volume of 71,000 shares. Chindex International, Inc. (CHDX)released financial results early Monday morning that easily beat Wall Street estimates. Chindex International, Inc reported fiscal 2011 2nd quarter earnings of 20 cents per share, on revenue of $45.17 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 7 cents per share, on revenue of $43.07 million. President and CEO Roberta Lipson said, "Our performance this quarter reflects ongoing demand for services across our network. Volumes in Shanghai and Guangzhou continue to validate that we are replicating the UFH brand in these newer locations. We are on-track to more than double our capacity in the Beijing hospital by calendar year-end, and we intend to start accepting patients into our New Hope cancer facility in the next several weeks." Read more from Benzinga's Company news.