AP NEWS

Surgery Partners: 2Q Earnings Snapshot

August 9, 2018

BRENTWOOD, Tenn. (AP) _ Surgery Partners Inc. (SGRY) on Thursday reported a loss of $19.5 million in its second quarter.

The Brentwood, Tennessee-based company said it had a loss of 57 cents per share. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 18 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The surgical facilities operator posted revenue of $444.8 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $432 million.

Surgery Partners shares have climbed 41 percent since the beginning of the year. The stock has decreased 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGRY at https://www.zacks.com/ap/SGRY

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