Mednax: 4Q Earnings Snapshot
SUNRISE, Fla. (AP) _ Mednax Inc. (MD) on Thursday reported fourth-quarter profit of $60.2 million.
The Sunrise, Florida-based company said it had net income of 68 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 92 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The physician group posted revenue of $932.7 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $907.2 million.
For the year, the company reported profit of $268.6 million, or $2.93 per share. Revenue was reported as $3.65 billion.
For the current quarter ending in April, Mednax expects its per-share earnings to range from 67 cents to 75 cents.
Mednax shares have increased 11 percent since the beginning of the year. The stock has declined 28 percent in the last 12 months.