LifePoint ( LPNT) rose 4% Monday after the company reaffirmed second-quarter guidance.

The hospital company expects its earnings from continuing operations to be 50 cents to 54 cents a share. The company's guidance does not include increase in earnings of about 13 cents a share arising from a reduction in depreciation expense related to purchase price allocations for 2005 acquisitions. It also does not include additional compensation expense of about $2 million, or 2 cents a share, due to the retirement of the company's former CEO, and a cost of about $1.3 million, or 1 cent a share, related to a shareholder lawsuit. Analysts polled by Thomson First Call are expecting earnings of 53 cents a share.

The company plans to report its complete results for the second quarter on July 27.

"We expect our second quarter results to be consistent with our original guidance, reflecting the company's continued focus on driving improved operations," the company said. "This quarter builds on the positive momentum we saw in the first quarter, as we continue to successfully execute our strategic plan to unlock the value inherent in the company."

Shares rose $1.17 Monday to $33.79.
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