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Mednax: 2Q Earnings Snapshot

August 2, 2018

SUNRISE, Fla. (AP) _ Mednax Inc. (MD) on Thursday reported second-quarter profit of $79.4 million.

The Sunrise, Florida-based company said it had profit of 85 cents per share. Earnings, adjusted for amortization costs and stock option expense, were $1.07 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The physician group posted revenue of $915.9 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $913.8 million.

For the current quarter ending in October, Mednax expects its per-share earnings to range from 94 cents to 99 cents.

Mednax shares have decreased 20 percent since the beginning of the year. The stock has declined 6 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 MD at https://www.zacks.com/ap/MD

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