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.


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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