Why the Estia Health (ASX:EHE) share price is swinging around

Estia Health Ltd (ASX: EHE) shares popped this morning following the company’s release of its FY21 half-year (1H21) results. In the first hour of trade, the Estia share price jumped nearly 5% to an intraday high of $2.13. However, it’s been fluctuating since and is currently trading at $2.05, up 0.99% for the day so far.

Let’s take a look at what the aged care services provider reported.

What did Estia Health report?

The Estia share price is in positive territory today despite the company reporting a $5.3 million loss for 1H21 compared to the $14.3 million profit it achieved at the end of 1H20.

Revenues totalled $322.5 million for the half, 2% higher than the $316.1 million reported for the prior corresponding half.

Estia…