DaVita HealthCare: 1Q Earnings Snapshot
DENVER (AP) _ DaVita HealthCare Partners Inc. (DVA) on Tuesday reported first-quarter earnings of $239.6 million.
On a per-share basis, the Denver-based company said it had profit of $1.89. Earnings, adjusted to account for discontinued operations, were $1.83 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The kidney dialysis provider posted revenue of $2.84 billion in the period, which met Street forecasts.
DaVita HealthCare expects full-year earnings in the range of $5.75 to $6.25 per share, with revenue in the range of $11.5 billion to $11.7 billion.
DaVita HealthCare shares have climbed slightly more than 5% since the beginning of the year, while the Standard & Poor's 500 index has dropped 11%. In the final minutes of trading on Tuesday, shares hit $78.99, a rise of 37% 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 DVA at https://www.zacks.com/ap/DVA