DaVita HealthCare: 2Q Earnings Snapshot
DENVER (AP) _ DaVita HealthCare Partners Inc. (DVA) on Wednesday reported second-quarter profit of $267.3 million.
On a per-share basis, the Denver-based company said it had profit of $1.53. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The kidney dialysis provider posted revenue of $2.89 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.88 billion.
DaVita HealthCare shares have decreased nearly 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 5 percent. In the final minutes of trading on Wednesday, shares hit $70.34, an increase of roughly 10 percent in the last 12 months.